Stock Earnings: Global Testing Corp Q1 net profit of 5.03 mln usd!

Global Testing Corp Ltd may gain after reporting that its net profit rose to 5.03 mln usd from 40,000 usd a year ago on the back of strong demand for its chip testing services in the consumer and communications segments of the electronics industry. Global Testing president and CEO Paul Yang said revenues for the first quarter were down 0.2 pct from the previous quarter to 17.40 mln usd, smaller than the company's expectations for a 4-8 pct decline. "Our results for the first quarter have provided us with added confidence in our ability to deliver a strong performance this year.... We expect full year revenue growth of approximately 40 pct for 2006," Yang said. The company expects second quarter revenues to rise 5-10 pct compared to the first quarter, he added.