Sinotel Technologies, the provider of wireless telecommunications infrastructure and solutions in China, says the group has reported a 29.4% y-o-y rise in net profit to RMB139 million ($28.6 million) for the financial year ending Dec 31 and a 47.2% increase in revenue to RMB533.2 million.
The increase in revenue was primarily due to a stronger demand for Wireless Network Solutions totalling RMB177.6 million, representing a 51% increase over the previous financial year. Gross Profit margins remained at 38.2% while net profit margins averaged at 26.1%.
