Home THE DAILY EDGE Business Sinotel posts $5.8m in earnings for 1Q
Sinotel posts $5.8m in earnings for 1Q

Tags: Sinotel Technologies

Written by The Edge   
Friday, 30 April 2010 21:07
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Sinotel Technologies, the provider of wireless telecommunications infrastructure and solutions in China, posted a 22.6% increase in revenue to RMB118.4 million ($23.8 million). Net earnings after tax remained flat at RMB28.7 million for the first quarter of FY2010 (1Q2010).

Revenue in 1Q2010 for the group increased by RMB21.8 million compared to the same period last year due mainly to the increase in revenue derived from the sales of equipment of RMB18.8 million, Emergency Mobile Communications System of RMB7.2 million and system integration projects of RMB6.4 million.

But the increase was offset by decrease in revenue from indoor and outdoor wireless coverage solutions and sales of 3G cards.

Sinotel says it will continue to expand on its ancillary business, the Emergency Mobile Communications System (EMCS) division.

Barring unforeseen circumstances, Sinotel anticipates that the financial outlook will remain profitable for the rest of the financial year 2010.

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Last Updated on Monday, 03 May 2010 08:48