Telestone Technologies Corp. said Thursday its fourth-quarter profit surged 58 percent with the government supporting upgraded wireless technology. Telestone Technologies Corp trades on the “NASDAQ” under the stock symbol “TSTC”. For More information regarding “TSTC”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Telestone Technologies Corp.(NASDAQ:TSTC), which sells wireless network services and communications gear in China, said Thursday its fourth-quarter profit surged 58 percent with the government supporting upgraded wireless technology.
The Beijing-based company said its profit grew to $5.2 million, or 50 cents per basic share, from $3.3 million, or 32 cents per share, and revenue more than doubled to $33 million from $14.4 million. For the year, the company's profit grew 79 percent, to $12.5 million, or $1.21 per basic share, from $7 million, or 68 cents per share. Revenue more than doubled to $71.9 million from $35.3 million.
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