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.