Value Microcaps Motherboard

[micham2012]

TBYH.ob:

Quarterly earnings of $.16 reported:

T-Bay Holdings Reports Earnings for Third Quarter
Thursday February 14, 9:00 am ET


SHANGHAI, China, Feb. 14 /Xinhua-PRNewswire-FirstCall/ -- T-Bay Holdings Inc. (OTC Bulletin Board: TBYH - News), a leading mobile telecommunications device designer, today announced its third quarter financial results for the three months ended December 31, 2007. Full details of the Company's year-end financial results are available in the Company's Form 10-Q at http://www.sec.gov .

07-08 Third Quarter results compared with 06-07 Third Quarter:
-- Revenues for the three months ended December 31, 2007 totaled $14,697,000, 31.1% increase from revenues of $11,212,000 for the three months ended December 31, 2006.
-- Net income totaled $4,936,000 for the year ended December 31, 2007, increased by 32.3% from $3,732,000 for the three months ended December 31, 2006.
-- The Company reported earnings per share of $0.16 for the three months ended December 31, 2007.
-- As of December 31. 2007, Cash and equivalent was $15,157,000 as compared to $67,000 as of March 31, 2007.

The revenue from sale of components increased to US$8,133,000 from $5,407,000 for the same period in 2006, a 50.4% increase. The revenue from design increased to $6,564,000 from $5,805,000, a 13.1% increase.

Xiaofeng Li, CEO of T-Bay said: "The growth was mainly attributed to more solutions introduced and growth of our existing customers. Most solutions sold very well, especially solutions targeted to the Low-end market. Both revenue and net profit in this quarter exceeded results for the first half of fiscal year."

http://biz.yahoo.com/prnews/080214/cnth021.html?.v=29

Steve