Semiconductor gateway Cogo reports full-year 2010 results

Cogo, a gateway through which global semiconductor companies access the industrial and technology markets in China, has announced audited full-year financial results for the year ended 31 December 2010.

For the full year the company reported revenue of $392.4m (£244.3m), a 27.8 per cent increase compared to $307.1m reported for 2009.

Net income attributable to Cogo for 2010 was $17m, up 44.9 per cent from $11.8m in 2009, while earnings per share (EPS) diluted attributable to Cogo on a US GAAP basis was $0.45, up 42.9 per cent from $0.32 reported for the prior year.