Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

SinoHub Slips To Loss In Q4

SinoHub Inc. (SIHI: Quote) reported that its fourth-quarter net loss attributable to shareholders was US$0.5 million, compared to net income of US$6.8 million in the fourth quarter of 2010.

Net loss per share was US$0.01, compared to net income of US$0.24 per share, in the fourth quarter of 2010.

Total net sales increased year-over-year to US$65.3 million in the fourth quarter of 2011 compared to US$58.5 million in the fourth quarter of 2010. The year-over-year increase was primarily attributable to record sales in the Company's ICM business segment during the fourth quarter of 2011.

The Company expects full-year 2012 revenue of approximately $200 million, compared to $196.2 million for the full-year 2011.

Click here to receive FREE breaking news email alerts for SINOHUB, INC. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Citing extreme fluctuation of the ruble, Apple Inc. (AAPL) has reportedly discontinued its online sales of products in Russia. Despite efforts of the Russian central bank, the ruble has been spiraling downward, with oil prices plunging to historic levels. The ruble shed around 19 percent on Wednesday.... General Motors said it has halted the delivery of cars to dealerships in Russia as it strives to overcome the business risks stemming from the collapse of the ruble. The terrorists, in this case, have won. In an unprecedented move that may have far-reaching cultural and political effects, Sony Pictures has scrapped the release of "The Interview." The plot of the film, a comedy starring Seth Rogen and James Franco, revolves around a fictional assassination...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.