Operating Results for SGOCO Group ,1H2011

   Date:2011/08/17     Source:
Related Company

SGOCO Group Ltd (Rcode:SGOC:) gained more than 51% today and managed to close at $4.25. The stock traded with 86,166 shares, more than 8 times its daily average volume of 18,774. The company announced its unaudited operating results for the three month and six month periods ended June 30, 2011, after market today. The highlights of the press release were that the revenue for the second quarter of 2011 was $85.6 million, an increase of 100% from $42.9 million in the second quarter of 2010. Over the past year, the Company has seen an increase in both the number of large regional distributors and the size of the orders placed.

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