Trunkbow International (TBOW) Posts Solid Increases in Q1, Positive Outlook for Future
Trunkbow International Holdings Limited, a leading provider of Mobile Payment Solutions (MPS) and Mobile Value Added Solutions (MVAS) in the People’s Republic of China, today announced financial results for its first quarter ended March 31, 2011. Revenue in the first quarter of 2011 increased 27.6 percent to $5.0 million compared with revenue of $3.9 million in the same period of 2010. Cost of revenue in the first quarter of 2011 was $0.6 million compared with $0.2 million in the same period of 2010. Gross profit increased 19.0 percent to $4.4 million compared to $3.7 million in the first quarter of…