Kingtone Wirelessinfo Solution Holding Ltd. (KONE) Reports Stronger First Quarter Net Income
Kingtone Wirelessinfo Solution Holding Ltd. (KONE) reported net income of $1.76 million, or $0.18 per diluted share, in the first quarter of fiscal 2010 which ended 12/31/2009. The company earned net income of $1.08 million, or $0.11 per diluted share, in the first quarter of fiscal 2009. Kingtone Wirelessinfo Solution Holding Ltd. also reported a strong year over year increase in sales in the first quarter of fiscal 2010. The company had sales of $2.9 million compared to $2.1 million in the corresponding quarter in fiscal 2009. The management of Kingtone Wirelessinfo Solution Holding Ltd. attributed the better results to…