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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.

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by RTT Staff Writer

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