Prepared by ChinaScope Financial | Source:Company Disclosure
- SGOCO Group Ltd. (SGOC: NASDAQ) announced recently that company revenue for the fourth quarter of 2012 increased 144 percent quarter-on-quarter (QoQ) to USD 63.4 million. Gross profit margin for the same period stood at 7.7 percent, compared to 3.6 percent in the previous quarter. Net income for 12Q4 was USD 3.2 million, a turnaround from a net loss of USD 1.1 million in 12Q3.
- In 2012, the company made USD 166 million in revenue, down 46.8 percent year-on-year (YoY). Gross profit for the fiscal year decreased 63 percent YoY to USD 33.7 million, and net income fell 74.6 percent YoY to USD 4.21 million.
- SGOCO Group Ltd. specializes in product design, distribution and brand development in the Chinese flat-panel display market.