SEATTLE, March 4 /PRNewswire-FirstCall/ — L&L International Holdings, Inc. (OTC Bulletin Board: LLFH), a leading coal mining and coal distribution company, today announced preliminary estimates for results of its third quarter of fiscal year 2009, ended January 31, 2009.
Based on preliminary information, revenue for the three-month period ended January 31, 2009, is expected to be approximately $11.5 million, an approximate 37% increase from the prior year’s third quarter of $8.03 million. Net profit for the three-month period ended January 31, 2009, is expected to reach $2.97 million, a 356% increase from the prior year’s third quarter of $652,920, subject to auditors review. The growth in net profit is largely attributable to increased sales for the company’s subsidiaries, L&L Coal and Kunming Coal (KMC), operating in the Yunnan Province in China.
Chief Executive Officer, Dickson Lee, stated: ‘I am very pleased with both our earnings and revenue growth during the third quarter. I expect continued growth in 2009.’
These results are preliminary, and, therefore, subject to the company’s completion of its customary quarterly closing procedures and are subject to auditors review. L&L is scheduled to release its final third quarter results on March 17, 2009.
Conference Call and Webcast
L&L will conduct a conference call and audio webcast to discuss further details of its third quarter fiscal 2009 results and guidance for 2009 at approximately 2:00 p.m. Eastern Daylight Time (11:00 a.m. Pacific Daylight Time) on Tuesday, March 17, 2009. Interested parties may participate in the call by dialing 1-800-762-8795 for U.S. callers and 1-480-248-5081 for international callers and then asking for the ‘L&L International Holdings Third Quarter Fiscal Year 2009 Earnings Call.’ The audio webcast will be simultaneously available on the Investor Relations section of L&L’s website at http://www.lnlinternational.com.
A replay of the conference call will be available at 5:00 p.m. EDT on March 17, 2009, until 11:59 p.m. EDT on March 23, 2009, by dialing 1-800-406-7325 for U.S. callers and 1-303-590-3030 for international callers and then entering passcode 4018119. An audio webcast replay will also be available online at http://www.lnlinternational.com for approximately one year following the original call.
About L&L International Holdings
Founded in 1995 and headquartered in Seattle, Washington, L&L International Holdings serves the vast energy market in China. See the Company’s website at www.lnlinternational.com or call (206) 264-8065.
Forward-Looking Statements
This press release may contain forward-looking information, intended to be covered by the Safe Harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995 (the Act). Forward-looking statements are statements that include terminology such as ‘believe,’ ‘expect,’ ‘may,’ ‘will,’ ‘should,’ ‘plan,’ or ‘intend,’ and include discussions of strategy, and L&L’s future performance. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE L&L International Holdings, Inc.
