The company has reported a net profit of $1.81 million, or $0.02 per diluted share, for the fourth quarter of 2008, compared to a net loss of $8.35 million, or $0.14 per diluted share, for the fourth quarter of 2007.
For the year ended December 31, 2008, net revenues from continuing operations were $134.3 million, representing an increase of 235% as compared to $40.08 million for the year ended December 31, 2007.
Net loss for the year 2008 was $17.36 million, or $0.25 per diluted share, compared to a net loss of $19.46 million, or $0.71 per diluted share, for the year 2007.
Total assets as of December 31, 2008 improved to $694.27 million from $269.52 million as of December 31, 2007. Total liabilities as of December 31, 2008 were $594.32 million versus $184.18 million as of December 31, 2007.
