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LianDi Clean Technology Inc (PK:LNDT)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 1111 Hughes Court
WYLIE TX 75098
Tel: 1-760-7552716
Website: N/A
IR: N/A
Key People
Jianzhong Zuo
Chairman of the Board, President, Chief Executive Officer
Yong Zhao
Chief Financial Officer
 
Business Overview
LianDi Clean Technology, Inc. is engaged in providing products and services to Chinese petroleum and petrochemical companies. The Company's products and services include a range of petroleum and petrochemical valves and equipment; systems integration services; optimization software for the polymerization process, and unheading units for the delayed coking process. The Company offers crude oil transportation and storage, refining and petrochemical valves and equipment. The Company's software is used by petrochemical companies during the polymerization reaction of ethylene production for data collection, performance analysis and process optimization. It also offers oil tank sludge cleaning services and delayed coking solution. Its distribution products include oil loading/unloading, general valve, screw pump, isolation valve, coke drum unheading valve, switch valve, check valve, rising stem ball valve, high pressure valve, electric actuators, control valve and ball valve.
Financial Overview
For the nine months ended 31 December 2012, LianDi Clean Technology Inc revenues decreased 40% to $66M. Net income applicable to common stockholders decreased 80% to $8.1M. Revenues reflect Sale of petroleum and petrochemical equipment and related se segment decrease of 69% to $20.4M. Net income also reflects Gain on deconsolidation of subsidiary decrease from $30.4M (income) to $0K, Interest and bank charges increase of 91% to $913K (expense).