Revenue Update on Sino-Global Shipping America Ltd.(NASDAQ:SINO)

Sino-Global Shipping America Ltd.(NASDAQ:SINO) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Sep 19, 2016. Earnings per share were $0.02.

Sino-Global Shipping America Ltd. (SINO) made into the market gainers list on Thursdays trading session with the shares advancing 5.04% or 0.07 points. Due to strong positive momentum, the stock ended at $1.46, which is also near the day’s high of $1.54. The stock began the session at $1.383 and the volume stood at 1,84,157 shares. The 52-week high of the shares is $3 and the 52 week low is $0.4. The company has a current market capitalization of $12 M and it has 82,80,535 shares in outstanding.

Sino-Global Shipping America Ltd. is a shipping agency logistics and ship management services company. The Company’s service offerings consist of shipping agency services shipping and chartering services inland transportation management services and ship management services. The Company operates through three segments: shipping agency service shipping and chartering services and inland transportation management services. The Company conducts its business primarily through its subsidiaries in Mainland China Hong Kong Australia Canada and New York. The Company provides two types of shipping agency services: loading/discharging services and protective services. The Company’s subsidiaries in Hong Kong and Australia operate its shipping agency business. The Company’s shipping and chartering services are operated by its Hong Kong subsidiary and inland transportation management services are handled by its China subsidiary Trans Pacific Shipping Limited (Trans Pacific Beijing).

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