Cogo reveals record quarterly revenues

Cogo Group, a provider of customised embedded solutions for the technology manufacturing sector in China, has reported record quarterly revenue of $91m (£57m) for the second quarter ended 30 June 2010, up 23.6 per cent from $73.6m in the corresponding quarter of 2009.

Net income attributable to rhe company for the second quarter of 2010 was $4m, up 58.2 per cent from $2.5m in the same period last year, with non-GAAP net income (excluding share-based compensation expense, acquisition-related costs, including amortisation of intangible assets and related deferred taxation) attributable to Cogo Group up 28.1 per cent on the same period last year.