For the three months ended September 30, 2008: -- Revenues totaled $11,314,000, a 53.3% increase from revenues of $7,381,000 for the same period in the previous fiscal year. -- Gross profit was $4,905,000, a 7.61% growth as compared with $4,557,000 during the same period in the previous fiscal year. -- Net income totaled $3,427,000, a 10.8% increase as compared with $3,093,000 for the same period in the previous fiscal year. For the six months ended September 30, 2008: -- Revenues totaled $22,447,000, an 67.0% increase from revenues of $13,439,000 for the same period in the previous fiscal year. -- Gross profit was $9,872,000, a 21.1% growth as compared with $8,154,000 during the same period in the previous fiscal year. -- Net income totaled $6,880,000, a 53.0% increase as compared with $4,496,000 for the same period in the previous fiscal year.
For the three months ended
About T-Bay Holdings Inc.
T-BAY conducts its mobile phone design business through its 95% owned
subsidiary, Shanghai SunPlus Communication Technology Co., Ltd. ("SunPlus").
Established in
SunPlus develops its mobile phone modules based mainly on the chipset
platform provided by VIA, MTK, SKYWORKS, ANYKA, INFINEON. Historically, our
customers included multinational brand names such as Motorola, NEC, Siemens,
China Telecom, Panasonic and Alcatel. Our major customers in
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.
SOURCE T-Bay Holdings, Inc.