ZK International Group Co., Ltd. Announces Consolidated Financial Results for the Fiscal Year Ended September 30, 2017
January 31, 2018 at 09:30 am EST
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ZK International Group Co., Ltd. announced consolidated financial results for the fiscal year ended September 30, 2017. For the year, the company reported revenue of USD 44,951,740 against USD 36,809,094 for the same period a year ago. Operating income was USD 8,079,847 against USD 7,616,021 for the same period a year ago. Income before income taxes was USD 6,928,693 against USD 6,408,131 for the same period a year ago. Net income attributable to company was USD 5,874,276 against USD 5,249,537 for the same period a year ago. Basic and diluted earnings per share USD 0.56 per share against USD 0.59 per share for the same period a year ago. Net cash provided by operating activities was USD 1,146,282 against net cash used in operating activities of USD 1,201,109 for the same period a year ago. Purchases of property, plant and equipment was USD 155,152 against USD 123,945 for the same period a year ago. Purchases of intangible assets was USD 6,704.
ZK International Group Co Ltd is a China-based company principally engaged in the design and production of pipes and fittings, such as double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings and single-press tubes and fittings. The Company mainly operates its business through its subsidiary Zhejiang Zhengkang Industrial Co., Ltd. The Companyâs products include steel strip, light gauge stainless steel pipe (LGSSP), pipe connections and fittings, fittings to change a pipe's direction, pipe fittings to connect two or more pipes, pipe fittings to change pipe size and pipe fitting tools. The Companyâs products are used in a range of applications, including water and gas transmission within urban infrastructural development, residential housing development, oil and gas exploitation, and agricultural irrigation. The Company's products are primarily sold in China, and also exported and distributed in Europe, Africa and Southeast Asia.
ZK INTERNATIONAL GROUP CO., LTD. 
