Cleantech Solutions Q3 Profit Rises - Quick Facts

(RTTNews) - Cleantech Solutions International, Inc. (CLNT) said third-quarter net income grew to $2.7 million, or $0.70 per share from $2.1 million, or $0.61 per share in the third quarter of 2013.

Revenue for the third quarter increased 11.2 percent to $20.2 million from $18.2 million for the same period of 2013. Th firm manufactures metal components and assemblies used in various clean technology and manufacturing industries and textile dyeing and finishing machines.

Looking ahead, Jianhua Wu, Chairman and CEO, said, "As we approach year end, we expect growth in our dyeing equipment business to continue, driven by the Chinese government's enforcement of anti-pollution policies for textile manufacturers. Order flow for the most updated models of our low emission airflow dyeing machines and our new garment washing machines for denim are strong."