Hollysys posts unaudited third-quarter results

Hollysys, a provider of automation and control technologies in China, has announced its unaudited financial results for its fiscal third quarter of 2010, reporting a $242.3m (£162.7m) backlog as of 31 March.

Revenues amounted to $33.4m, compared with $22.9m year over year, representing a 45.7 per cent increase.

Non-GAAP net income attributable to Hollysys was $5.2m, compared with $2.1m year over year, representing a 154 per cent increase.