Sino-Global Shipping America, Ltd. (Nasdaq:SINO) announced its selected financial results for fiscal year ended June 30, 2011. Revenues increased 22.7% to US$32.9 million, from US$26.8 million in the fiscal year ended June 30, 2010. Gross margin decreased to 10.1% in the current fiscal year compared to 11.8% in the prior fiscal year. General and administrative expenses as a percentage of total revenues decreased to 13.8% from 15.3% in fiscal 2010.
Sino-Global Shipping America, Ltd., through its subsidiaries, provides shipping agency services primarily in the Peoples Republic of China.
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October 10th, 2011 at 12:30 pm