Marbridge Daily

<- March 06, 2009 ->

CSST Q4 Net Profit Down 24%

PRNewswire, 3/05/09

Chinese security solutions provider China Security & Surveillance Technology (NYSE: CSR) has issued its earnings report for Q4 2008, with net revenues reaching USD 143.5 mln, up 70.5% year-on-year. 2008 full-year net revenues rose to USD 427.4 mln, an increase of 77.9% over the 2007 figure.

Net income for the quarter came to USD 11.2 mln, down 24% YoY. Net income for fiscal year 2008 decreased 7.7% to USD 32.6 mln.

The company estimates full year 2009 revenues will range between USD 600 to USD 630 mln.

To view China Security & Surveillance Technology's full earnings report, please click here.

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