Kirin International Holding Inc (OTCMKTS:KIRI) Takes A Step Up

[[tagnumber 0]][[tagnumber 1]]Overall, Kirin International Holding Inc (OTCMKTS:KIRI) has been doing very well this year. After a slow start we saw the ticker climb the charts in May, clicking in impressive gains. As June came there was some hesitation and the ticker even dropped quite substantially, falling below the $1 per share mark.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Since then, however, [[tagnumber 6]]KIRI[[tagnumber 7]] has managed to stabilize and one of the reasons for that is the fact that the company’s $30 million market cap is quite modest compared to other OTC entities that have far less to show in their financial filings. Here is just an example of what [[tagnumber 6]]KIRI[[tagnumber 7]] had in its balance sheet at the end of the first quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $10.21 million[[tagnumber 15]] [[tagnumber 14]]total assets: $363.5 million[[tagnumber 15]] [[tagnumber 14]]total liabilities: $308.43 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $22.03 million[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $1.45 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Now those are some pretty impressive numbers for a company listed on the OTC marketplace, but according to recent press releases and interviews we may see an even better performance quite soon.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In Monday the company announced that their estimates for the first quarter of 2015 include a net income that is to exceed $2 million after tax, which will reach $10 million by the end of the fiscal year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while this seemed to be insufficient to provide a boost for [[tagnumber 6]]KIRI’s[[tagnumber 7]] stock, an interview with the company’s VP, Yaojun Liu released yesterday provided for a 13.85% increase in price and we saw the ticker finish the day at $1.48 with a total of 99 thousand traded shares that generated $145 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session is also going relatively well and we see [[tagnumber 6]]KIRI[[tagnumber 7]] has passed the $1.50 per share mark as of the writing of this article. Doing your due diligence and weighing out the risks, however, is still a must.[[tagnumber 2]]