ACL reports second-quarter revenue

ACL Semiconductors, a China-based distributor of Samsung memory electronic products, has reported net revenue of $89.5m (£57.6m) for the second quarter of 2010 − an increase from $75.8m in the second quarter of 2009.

Net income was $594,000, compared with $1.1m for the second quarter of 2009, while earnings per diluted share were $0.02, compared with $0.04 in the year-ago quarter.

Gross profit for the quarter was $1.9m − down 24.6 per cent from $2.5m in the second quarter of 2009.