logo
Share SHARE
FONT-SIZE Plus   Neg

SinoHub Slips To Loss In Q4

SinoHub Inc. (SIHI) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device. Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items.
comments powered by Disqus
Follow RTT