China Premium Lifestyle Enterprise, Inc. today reported its 2007 fiscal year end results for the year ended December 31, 2007.
For the year ended December 31, 2007, the Company reported net sales increased 49% to approximately $106.5 million compared to $71.5 million for the same year ended December 31, 2006. For the same period, the Company reported a net profit increase of 47% to approximately $822,000 or approximately $.03 in diluted earnings per share, compared to $559,000 or $.02 in diluted earnings per share.
The company attributed the growth in sales to its new and used vehicle trading segment, with significant increases in deliveries of Ferrari's 8- cylinder models, the F430 and F430 Spider, together with the sellout performance of the new Ferrari 12-cylinder, the 599 GTB Fiorano. The launch of the Maserati GranTurismo also fueled the growth of sales in 2007.
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