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L & L International 1st Quarter 2010 Financial Snapshot

|Includes: L & L International Holdings (LLFH)

Yesterday, L & L International (OTC:LLFH) released its fiscal 2010 first quarter financial results. 

1st Quarter Fiscal 2010 vs. 2009 Financial Snapshot Ended July
    1st Quarter 2010   2nd  Quarter 2010   Period Change
GAAP Revenue   $12.75 M   $10.67 M   19.5%
GAAP EPS   $0.126   $0.118   6.8%
Tax Rate   7.0%   7.0%   0.0%
Fully Tax-Adjusted EPS   $0.089   $0.084   6.0%
Fully Diluted Shares   21,307,409   21,944,901   2.9%

At first glance, the results were not up to par with what we were looking for. However, the following factors have to be considered :

1. Less than one month of sales were included in its recently acquired coal washing facilities.

2. The GeoTeam® is assuming that there may have been some one time integration costs associated with the coal washing facilities.

3. In its Rodman & Renshaw conference investor presentation, LLFH issued very bullish guidance.

4. Comments from the company remain bullish:

"In the next quarter, L&L will show a full 3 months of operations from coal washing and results will be much more impressive as Hon Shen and DaPuAn have a combined annual capacity of over 500,000 tons." (Source: PRnewswire, September 15, 2009)