Sinohub posts quarterly financial figures

Chinese electronics company Sinohub has reported that its total revenues for first quarter 2010 advanced 113.4 per cent to $38.6m (£26.5m) from $18.1m for the first quarter of 2009. 

Gross profit totalled $7.1m, an increase of 87 per cent over $3.8m in the first quarter of 2009. 

Net income increased 75.6 per cent to $3.5m, or $0.12 per fully diluted share, compared to $2m, or $0.08 per fully diluted share, in the first quarter of 2009.