Funtalk China Holdings Ltd. (FTLK) Reports Large Increase in Fiscal 2010 Net Income
Funtalk China Holdings Ltd. reported net income of $13.7 million, or $0.27 per diluted share, in the fourth quarter of fiscal 2010. The company earned net income of $2.6 million, or $0.06 per diluted share, in the same quarter of fiscal 2009. Funtalk China Holdings Limited also reported a large increase in net income in fiscal 2010 over last year. The company earned net income of $31.8 million, or $0.63 per diluted share, in fiscal 2010, compared to net income of $20.1 million, or $0.45 per diluted share, in fiscal 2009. Sales increased by 50% during the same time frame,…