RtCore Inc. (RTME)

[Johnstone]

Value and insider buys
JNGW Jingwei International Ltd
Xu Yong (Chief Financial Officer) Buy 1,401 3.44 4,819 06:21:58 2010-12-01

No wonder a buyer, PE under 8 but income up 96%:

SHENZHEN, China, Nov. 12, 2010 /PRNewswire-Asia-FirstCall/ -- Jingwei International Limited (Nasdaq:JNGW - News) ("Jingwei" or "the Company"), a leading provider of data-mining, interactive marketing and software services in China, today announced its financial results for the third quarter ended September 30, 2010.

Third Quarter 2010 Highlights:

* Total revenue increased 18.8% year-over-year to $10.4 million
* Software Services segment revenue rose 54.2% year-over-year to $5.1 million
* Data Mining segment revenue declined 2.7% year-over-year to $5.3 million, due to period-to-period fluctuations in the timing of new contracts
* Gross profit climbed 45.1% year-over-year to $4.8 million
* Gross margin was 46.5%, up 8.4% from 38.1% a year ago
* Net income increased 96% year-over-year to $2.7 million, or $0.13 per basic share and per diluted share