China Skyrise Digital Service, Inc. (CSKD.OB) Posts Significant Gains in Q1 2010 Performance
China Skyrise Digital Service Inc., a China-based developer and installer of video-surveillance products, recently announced financial results for the three months ended March 31, 2010, posting solid increases in revenue and net income. For the first quarter of 2010, China Skyrise reported revenues at approximately $1.3 million, a strong increase of 231.9 percent versus $0.4 million for the first quarter of 2009. The company attributes the recovery of the Chinese real-estate market and significant increases in spending by real-estate developers. The company also launched a conservative strategy in marketing and sales and declined to take on projects that required large…