ACL Semiconductors Sales Up 64 Percent in 2nd Quarter to $74 Million
KOWLOON, Hong Kong, -- ACL Semiconductors, Inc. (OTC Bulletin Board: ACLO), one of Asia's largest distributors of memory chip products, announced that net sales for the second quarter ended June 30, 2009, increased 64 percent to $74 million and net sales for the first six months of 2009 increased to $135 million, from $98 million in the same period in 2008, because of strong demands for its products.
Gross profit increased to $2.2 million in the second quarter, up 58 percent compared to the same period in 2008, and gross profit for the first six months of the year totaled $4.9 million, up from $1.9 million last year.
Net income for the second quarter of 2009 totaled $901,325, or $0.03 per diluted share, compared to $395,427 in 2008. Net income for the first six months of 2009 was $2.01 million or $0.07 per diluted share. The complete filing is available at www.sec.gov.
ACL Semiconductors distributes electronic components under the "Samsung" brand name to the Hong Kong and South China markets. The memory chips are used from everything from a mobile phone, digital camera and laptop computer to an MP3 player or Wi-Fi product.
Gross profit increased to $2.2 million in the second quarter, up 58 percent compared to the same period in 2008, and gross profit for the first six months of the year totaled $4.9 million, up from $1.9 million last year.
Net income for the second quarter of 2009 totaled $901,325, or $0.03 per diluted share, compared to $395,427 in 2008. Net income for the first six months of 2009 was $2.01 million or $0.07 per diluted share. The complete filing is available at www.sec.gov.
ACL Semiconductors distributes electronic components under the "Samsung" brand name to the Hong Kong and South China markets. The memory chips are used from everything from a mobile phone, digital camera and laptop computer to an MP3 player or Wi-Fi product.
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