DALLAS, June 24, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Sino-Forest Corp. (Pink Sheets:SNOFF). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/SNOFF
Sino-Forest Corp. (SNOFF) is a commercial forest plantation operator in China. Its principal businesses include the ownership and management of tree plantations, the sale of standing timber and wood logs, and the complementary manufacturing of downstream engineered-wood products. SNOFF also holds a majority interest in Greenheart Group Ltd., a Hong Kong-listed investment holding company with operations based in Suriname, South America and New Zealand, which is involved in responsible and sustainable log harvesting, lumber processing and sales and marketing of logs and lumber products to China and other countries around the world.
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In the report, the analyst notes:
"Following its response to Muddy Waters LLC's report, the embattled company said its independent committee, which has been set up to examine and review the allegations contained in Muddy Waters' report, has appointed PricewaterhouseCoopers (PwC) as the independent international accounting firm to assist with the investigations."
"SNOFF reported total revenue of $338.9 million for the first quarter of 2011, up 35% from the first quarter 2010.The Company attributed the increase to higher revenue from its wood fiber operations."
To read the entire report visit: www.microstockprofit.com/lp/SNOFF
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