Jingwei International Limited announced financial results for the first quarter ended March 31, 2008. For the quarter, the company reported sales of $5,753.4 million and net income of $2,779.5 million or $0.16 per share against sales of $2,135.0 million and net income of $1,460.9 million or $0.11 per share for the same period a year ago.

Jingwei International Limited announced earnings results for the fourth quarter and full year ended December 31, 2007. Fourth quarter 2007 revenue increased 119% to $7.9 million from $3.6 million in the fourth quarter of 2006, and increased 52% from $5.2 million in the third quarter of 2007. Net income for the quarter increased $2.9 million to $3.2 million or $0.19 earning per share compared to net income of $373,000 or $0.03 earning per share in the fourth quarter of 2006. Comprehensive income for the quarter is $4.14 million compared to $0.42 million for the same period last year. For the full year ended December 31, 2007, revenue increased 77% to $24.1 million from $13.6 million in 2006. For the year, the Company reported net income of $8.4 million or 0.53 per diluted share compared to net income of $3.8 million or 0.28 per diluted share for the same period last year. Comprehensive income for the year is $9.9 million compared to $4 million for the same period last year.

Jingwei International Limited, Q4 2007 Earnings/Operating Results Call, Mar-13-2008