Pansoft (PSOF) Posts Fiscal Q2 2012 Unaudited Financials
Pansoft Company Ltd., a leading ERP software service provider for the oil and gas industry in China, today announced unaudited financial results for the fiscal first-quarter of 2012 ended September 30, 2011. The company reported first-quarter 2012 revenues of $4.2 million, a 20.9 percent increase over the $3.5 million reported in the prior fiscal year. Gross profit was $1.0 million, a decrease of 44.5 percent compared to $1.7 million from the year-ago quarter. Gross margin was 22.4 percent, as compared to 48.9 percent in the prior fiscal year. Operating expenses increased 89.4 percent to $1.2 million compared to $0.7 million…