Cogo announces unaudited fourth quarter results

Cogo, a gateway for global semiconductor companies to access the industrial and technology sectors in China, has announced its preliminary unaudited financial results for the quarter ended 31 December 2010.

Revenue for the fourth quarter of 2010 was approximately $113.5m, an increase of 28.9 per cent from the prior-year period.

Net income on a US GAAP basis was approximately $4.6m and EPS diluted on a US GAAP basis was approximately $0.12 for the fourth quarter of 2010, compared to $0.11 for the same period of the prior year.

The company’s gross margin is 14.2 per cent for the fourth quarter 2010, compared to 14.5 per cent reported for the corresponding quarter 2009 and 14.2 per cent for the previous quarter.