AGORACOM Small Cap TV - January 14th - Highlights
posted on
Jan 14, 2011 08:49AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s January 14, 2011, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
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SOKO Fitness & Spa Group Reports Second Quarter Fiscal 2011 Financial Results
HARBIN, China, Jan. 14, 2011 /PRNewswire via COMTEX News Network/ --
SOKO Fitness & Spa Group, Inc. (OTC Bulletin Board: SOKF) ("SOKO"), an operator of fitness centers and beauty salons and spas in Northeast China as well as Beijing, today announced its financial results for the second quarter and first six months of fiscal 2011, ended November 30, 2010.
Second Quarter Financial Highlights:
Revenue totaled $9.8 million, an increase of 32% over $7.4 million year-over-year.
Gross profit increased 29% to $6.6 million, compared with $5.2 million, in the same period a year ago. Gross margin was 67.6% for the second quarter of fiscal 2011, compared with 69.5% for the second quarter of fiscal 2010, and 66.1% for the first quarter of fiscal 2011.
Net income attributable to SOKO improved by 2% year-over-year to $3.3 million, or $0.15 per diluted share, compared with $3.2 million, or $0.17 per diluted share in the same period a year ago.
Cash and cash equivalents was $15.0 million as of November 30, 2010, a decrease of $9.5 million over August 31, 2010.
About SOKO Fitness & Spa Group, Inc.
SOKO Fitness & Spa Group, Inc., an OTCBB listed company (SOKF), is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as Beijing. SOKO provides programs, services, and products combined with exercise, education and nutrition to help their members lead a healthy life and achieve their fitness goals.
Last Trade: 4.4452 Week: 4.94 – 2.15Market Cap: 89.75 Million