Sgoco Posts Q1-Q3 2012 Profit of USD 1 Mln
Sgoco, 11/17/12
Fujian-based LCD display manufacturer and distributor Sgoco Group (Nasdaq: SGOC) today announced its financial results for the nine months ended September 30, 2012. Q1-Q3 2012 revenues were USD 103.3 mln. Given the significant changes to SGOCO's business model and balance sheet in the last year, the company considers YoY comparisons of financial results less relevant.
Net income for the nine-month period was USD 1.1 mln.
During the period, 74% of sales were generated from the company's own-brand products and 26% of sales were derived from OEM customers.
Following the sale of its manufacturing assets in November 2011, SGOCO has been operating a "light-asset" business model with a concentration on building recognizable brands and developing innovative display products.
Editor's Note: For more background on this topic, please see "Sgoco Sells Hong Kong Subsidiary Honesty Group" MD 11/15/12 issue and Editor's Note: For more background on this topic, please see "SGOCO Resumes Trading" MD 9/11/12 issue.
To view the complete report please see here.
Keywords: hardware display profit LCD Sgoco SGOC Q3 2012 revenue fiscal report
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