ZST Digital

ZST Digital networks Inc ( NASDAQ:ZSTN ) has released its quarterly earnings which logged 166% increase in profit and 98 % increase in revenue on YoY basis. Shares of the company bounced more than 29 % in premarket trade after it had logged more than 20 % upside yesterday. Before that it was heavily beaten by investors on news that company has overstated its 2008 and 2009 accounts to SEC filings and shares touched 52 week low Read More. Due to the controversy about the higher results vs allegations of overstated accounts we suggest to stay out of the counter.See reports, choose from provided links here>
















Below is the financial highlights of the Q1 earnings:

ZST Digital Networks, Inc. (NASDAQ: ZSTN) (the "Company" or "ZST"), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, today announced its financial results for the first quarter ended March 31, 2011.

Total revenue was US$33.8 million, an increase of 98% compared to the first quarter of 2010.

Gross profit for the first quarter 2011 was US$8.3 million, an increase of 100% compared to the first quarter 2010. 

Gross profit margin for the first quarter 2011 was 24.7%, compared to 24.5% for the first quarter of 2010.

Operating income for the first quarter 2011 was US$7.1 million, an increase of 143% compared to the first quarter of 2010.

Net income for the first quarter 2011 was US$5.2 million, an increase of 166% compared to the first quarter of 2010.

Net income margin for the first quarter of 2011 was 15.5%, compared to 11.6% for the first quarter of 2010.