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SGOCO Group, Ltd. Announces Financial Results for the Nine Month Period Ended September 30, 2012

SGOCO Group, Ltd. Announces Financial Results for the Nine Month Period Ended
                              September 30, 2012

PR Newswire

BEIJING, Nov. 16, 2012

BEIJING, Nov. 16, 2012 /PRNewswire/ -- SGOCO Group, Ltd. (Nasdaq: SGOC),
("SGOCO" or the "Company"), a company focused on product design and brand
development in the Chinese flat panel display market, including computer
monitors, TVs, and application specific products, today announced its
unaudited operating results for the nine month period ended September 30, 2012
together with its unaudited operating results for the first two quarters.

Following the sale of its manufacturing assets in November 2011, SGOCO has
been operating a "light-asset" business model with a concentration on building
widely recognizable brands and developing innovative display products. The new
business model outsources manufacturing and enhances the Company's flexibility
in responding to rapid changes in technologies and market conditions. Without
the need to invest in heavy manufacturing assets, SGOCO has strengthened its
balance sheet. As of September 30, 2012, the Company's net book value per
share was $4.30 with a cash position of $6.7 million.

Given the significant changes to SGOCO's business model and balance sheet in
the last year, the Company considers year-over-year comparisons of financial
results less relevant.

For the nine month period ended September 30, 2012, SGOCO's revenues were
$103.3 million. During this period, 74% of sales were generated from the
Company's own-brand products and 26% of sales were derived from OEM customers.
During the transition to a "light-asset" business model, the Company has been
reducing its lower-margin trading and OEM businesses. Therefore, our revenues
were negatively impacted by significant reductions in our OEM and trading
businesses in addition to general display market and credit conditions in
China. The Company is responding to the intense competition in the Chinese
display market by developing new markets, sales channels, brands and products
with enhanced features, and business related services.

Gross profit for the nine month period ended September 30, 2012 was $7.6
million, or 7.3% of total revenues. Gross margin for the latest quarter was
negatively impacted by increased fees charged by Chinese authorities for
recycling imported monitors and price drops in smaller size monitors. SGOCO's
long-term strategy is to continue to emphasize own-brand sales while boosting
margins through the introduction of new personalized devices and multimedia
systems and services to the Company's product portfolio.

Selling, general and administrative expenses for the nine month period ended
September 30, 2012 were $4.6 million, or 4.5% of total revenues. During the
period, the Company incurred approximately $2.7 million in third-party
expenses including one-time expenses of over $1.6 million in professional fees
related to the Company's Nasdaq trading halt as well as from a change in
auditors.

Net income for the nine month period ended September 30, 2012 was $1.1
million, or 1.0% of revenues. Net income was negatively impacted by an
approximately $0.7 million provision for interest accrued on a tax related to
the sale of its manufacturing assets. Diluted EPS for the period was $0.06.

SGOCO reported strong liquidity ratios as of September 30, 2012. The Company's
current ratio was 6.97 and the debt-to-equity ratio was 0.17. These strong
ratios will support SGOCO as it completes its business model transformation
focused on developing new personalized products and multimedia systems
combined with related business services.

Mr. Burnette Or, Chairman and Chief Executive Officer of SGOCO, commented "We
remain encouraged by the progress of our business transition and remain
positive about our long-term strategy and profitability. Our new "light-asset"
business model provides us with greater flexibility to adapt to challenging
market conditions. The Company continues to operate free of debt, build its
brand portfolio, and develop new display products. Our R&D team is developing
higher-margin products including smart phones, tablet PCs, e-boards,
all-in-ones (AIOs) and application specific products (ASPs) which are expected
to become commercial ready within the next 1-2 years. The Company is also
working on services that can be matched with these new products to further
enhance their attractiveness and profitability. We are also using our U.S.
office to examine opportunities to re-establish sales in North America, the
largest consumer market. We anticipate our fourth quarter results will be
stronger than the third quarter's."

Conference Call:

SGOCO's management will host a conference call at 8:30 am ET on Monday,
November 19, 2012 to discuss these results as well as recent corporate
developments. After opening remarks, there will be a question and answer
period. Listeners may access the call by dialing 1-888-466-4462 or
1-719-325-2376. A webcast will also be available via
http://public.viavid.com/index.php?id=102602 or http://viavid.com. A replay of
the call will be available through November 30, 2012 by dialing 1-877-870-5176
or 1-858-384-5517 access code: 8448779.

2011 Annual Report:

SGOCO's 2011 annual report has been filed with the U.S. Securities and
Exchange Commission and is available online at the Company's website
(www.sgocogroup.com). Shareholders may request a printed copy of the 2011
annual report free of charge by contacting ir@sgoco.com or faxing
+86-10-8587-0252.

About SGOCO Group, Ltd.

SGOCO Group, Ltd. is a technology company focused on product design and brand
development in the Chinese flat panel display market, including computer
monitors, TVs, and application specific products. The Company sells its
products and services in the Chinese market and around the world.

For more information about SGOCO, please visit our investor relations website
http://www.sgocogroup.com. Product information can be found at
http://www.sgoco.com.

Safe Harbor and Informational Statement

This press release contains "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of historical
fact, including, without limitation, those with respect to the objectives,
plans and strategies of the Company set forth herein and those preceded by or
that include the words "believe," "expect," "anticipate," "future," "will,"
"intend," "plan," "estimate" or similar expressions, are "forward-looking
statements". Forward-looking statements in this release include, without
limitation, the effectiveness of the Company's multiple-brand, multiple
channel strategy, the transitioning of its product focus, and the
reasonableness of the increases in notes payable, and restricted cash.
Although the Company's management believes that such forward-looking
statements are reasonable, it cannot guarantee that such expectations are, or
will be, correct. These forward-looking statements involve a number of risks
and uncertainties, which could cause the Company's future results to differ
materially from those anticipated. These forward-looking statements can change
as a result of many possible events or factors not all of which are known to
the Company, which may include, without limitation, requirements or changes
adversely affecting the LCD and LED market in China; fluctuations in customer
demand for LCD and LED products generally; our success in promoting our brand
of LCD and LED products in China and elsewhere; our success in expanding our
"SGOCO Image" program; our ability to maintain effective internal control over
financial reporting; our success in manufacturing and distributing products
under brands licensed from others; management of rapid growth; changes in
government policy including policy regarding subsidies for purchase of
consumer electronic products and local production of consumer goods in China;
the fluctuations in sales of LCD and LED products in China; China's overall
economic conditions and local market economic conditions; our ability to
expand through strategic acquisitions and establishment of new locations;
changing principles of generally accepted accounting principles; compliance
with government regulations; legislation or regulatory environments;
geopolitical events and other events and factors described in the "Key
Information – Risk Factors" section in the Company's annual report on Form
20-F filed with the U.S. Securities and Exchange Commission on August 30,
2012. The Company assumes no obligation to update any of the information
contained or referenced in this press release.

For investor and media inquiries, please contact:

SGOCO Group, Ltd. (China)              ICR, LLC
Bill Krolicki, VP of Finance           William Zima
Tel: +86-10-8587-0170 ext. 826 Phone: +86-10-6583-7511
Email: ir@sgoco.com
                                       SGOCO Group Investor Relations
                                       Department
                                       US: +1-646-328-2533



(Financial Tables on Following Pages)



SGOCO GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2012
                                                September 30,   December 31,
                                                2012             2011
                                                (USD)           (USD)
                                                (Unaudited)
ASSETS
CURRENT ASSETS
 Cash                                         $ 6,747,787      $ 534,501
 Restricted cash                                253,335          -
 Accounts receivable, trade                     25,090,529       19,680,682
 Other receivables and prepayments              960,484          756,763
 Consideration receivable from Sale of          -                57,477,790
 Honesty Group
 Notes receivable                               3,664,554        -
 Inventories                                    6,693,437        1,864,011
 Advances to Honesty Group                      26,429,418       -
 Advances to suppliers                          17,453,325       4,609,506
 Other current assets                           128,303          60,548
      Total current assets                      87,421,172       84,983,801
PLANT AND EQUIPMENT, NET                        272,017          217,586
                Total assets                  $ 87,693,189     $ 85,201,387
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
 Accounts payable, trade                      $ 3,851,944      $ 4,608,600
 Accrued liabilities                            209,948          353,147
 Notes payable                                  253,335          -
 Short-term loan - shareholder                  208,958          208,958
 Other payables                                 456,569          343,883
 Customer deposits                              553,451          153,436
 Taxes payable                                  7,005,750        5,552,293
      Total current liabilities                 12,539,955       11,220,317
OTHER LIABILITIES
 Warrant derivative liability                   17,740           92,966
      Total other liabilities                   17,740           92,966
                Total liabilities               12,557,695       11,313,283
SHAREHOLDERS' EQUITY
 Preferred stock, $0.001 par value, 1,000,000
 shares authorized,
      nil issued and outstanding as of
      September 30, 2012 and
      December 31, 2011, respectively           -                -
 Ordinary shares, $0.001 par value, 50,000,000
 shares authorized,
      17,465,356 and 17,258,356 issued and
      outstanding as of
      September 30, 2012 and December 31,       17,465           17,258
      2011, respectively
 Additional paid-in-capital                     24,828,448       24,555,415
 Statutory reserves                             54,031           54,031
 Retained earnings                              50,237,046       49,177,643
 Accumulated other comprehensive income         (1,496)          83,757
      Total shareholders' equity                75,135,494       73,888,104
                Total liabilities and         $ 87,693,189     $ 85,201,387
                shareholders' equity





SGOCO GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
FOR SEPTEMBER 30, 2012 AND 2011 (UNAUDITED)
                          Three Months Ended        Nine Months Ended
                          September 30,             September 30,
                          2012          2011         2012          2011
                          (USD)        (USD)       (USD)        (USD)
REVENUES:
 Revenues               $ 26,047,267  $ 71,565,279 $ 103,271,709 $ 244,121,724
      Total revenues      26,047,267    71,565,279   103,271,709   244,121,724
COST OF GOODS SOLD:
 Cost of goods sold       25,105,616    63,677,293   95,691,861    218,188,315
      Total cost of       25,105,616    63,677,293   95,691,861    218,188,315
      goods sold
GROSS PROFIT          941,651       7,887,986    7,579,848     25,933,409
OPERATING EXPENSES:
 Selling expenses         212,290       647,930      459,509       1,134,426
 General and
 administrative           1,481,641     1,115,858    4,166,058     4,027,265
 expenses
      Total operating     1,693,931     1,763,788    4,625,567     5,161,691
      expenses
(LOSS) INCOME FROM        (752,280)     6,124,198    2,954,281     20,771,718
OPERATIONS
OTHER INCOME
(EXPENSES):
 Interest income          1,338         170,397      2,961         231,202
 Interest expense         (12,519)      (564,121)    (51,480)      (1,497,171)
 Other income             (23,129)      (550,810)    (35,109)      (134,857)
 (expenses), net
 Change in fair value
 of warrant derivative    27,249        741,641      75,226        873,986
 liability
      Total other
      income              (7,061)       (202,893)    (8,402)       (526,840)
      (expenses), net
(LOSS) INCOME BEFORE
PROVISION FOR INCOME      (759,341)     5,921,305    2,945,879     20,244,878
TAXES
PROVISION FOR INCOME      331,089       683,743      1,886,476     2,726,468
TAXES
NET (LOSS) INCOME         (1,090,430)   5,237,562    1,059,403     17,518,410
OTHER COMPREHENSIVE
INCOME:
 Foreign currency         (2,676)       697,619      (85,253)      2,082,582
 translation adjustment
COMPREHENSIVE (LOSS)    $ (1,093,106) $ 5,935,181  $ 974,150     $ 19,600,992
INCOME
(LOSS) EARNINGS PER
SHARE:
 Basic                  $ (0.06)      $ 0.33       $ 0.06        $ 1.09
 Diluted                $ (0.06)      $ 0.33       $ 0.06        $ 1.09
WEIGHTED AVERAGE NUMBER
OF COMMON SHARES:
 Basic                    17,059,860    16,032,343   17,059,860    16,077,451
 Diluted                  17,059,860    16,032,343   17,059,860    16,114,299





SGOCO GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
                                                   Nine Months Ended
                                                   September 30,
                                                   2012           2011
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                     $ 1,059,403    $ 17,518,410
  Adjustments to reconcile net income to cash
  provided by
       (used in) operating activities:
           Depreciation and amortization           48,927         1,410,897
           Bad debt provision                      -              77,017
           Change in fair value of warrant         (75,226)       (873,986)
           derivative liability
           Share-based compensation expenses       273,240        -
  Change in operating assets and liabilities
           Accounts receivable, trade              (5,555,976)    (491,185)
           Accounts receivable - related parties   -              49,559
           Other receivables                       (209,323)      (343,138)
           Notes receivable                        (3,679,233)    -
           Inventories                             34,131,709     3,057,666
           Advances to Honsty Group                (26,535,286)   -
           Advances to suppliers                   (12,924,417)   (93,534,354)
           Other current assets                    (68,230)       (332,828)
  Change in operating liabilities
           Accounts payables, trade                (730,542)      6,500,296
           Accrued liabilities                     (141,539)      74,626
           Notes payable                           254,350        41,567,751
           Other payables                          116,920        468,299
           Customer deposits                       402,588        6,473,017
           Taxes payable                           1,494,391      452,181
                 Net cash used in operating        (12,138,244)   (17,925,772)
                 activities
CASH FLOWS FROM INVESTING ACTIVITIES:
  Settlement of consideration received from        18,733,669     -
  disposal of subsidiaries
  Purchase of equipment and                        (105,131)      (1,371,515)
  construction-in-progress
  Purchase of intangible assets                    -              (1,566)
                 Net cash provided by (used in)    18,628,538     (1,373,081)
                 investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
  Increase in restricted cash                      (254,349)      (22,293,466)
  Bank overdraft                                   -              27,611
  Proceeds from short-term loan                    -              89,906,005
  Payments on short-term loan                      -              (66,550,397)
  Proceeds from shareholder loan                   -              (2,545,439)
  Payments on repurchase of put option             -              (2,000,000)
  Payments on repurchase of warrants               -              (512,158)
  Shares issued for exercise of over-allotment     -              373,242
  related to secondary offering
                 Net cash used in financing        (254,349)      (3,594,602)
                 activities
EFFECT OF EXCHANGE RATE ON CASH                    (22,659)       3,046,527
INCREASE(DECREASE) IN CASH                         6,213,286      (19,846,928)
CASH, beginning of period                          534,501        23,493,805
CASH, end of period                              $ 6,747,787    $ 3,646,877
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
  Cash paid for interest                         $ 51,480       $ 564,121
  Cash paid for income taxes                     $ 431,594      $ 934,554
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES
  Settlement of consideration receivable –       $ 38,992,268   $ -
  received in finished goods





SGOCO GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF JUNE 30, 2012
                                                   June 30,     December 31,
                                                   2012          2011
                                                   (USD)        (USD)
                                                   (Unaudited)
ASSETS
CURRENT ASSETS
 Cash                                            $ 713,944     $ 534,501
 Restricted cash                                   318,788       -
 Accounts receivable, trade                        38,493,508    19,680,682
 Other receivables and prepayments                 815,990       756,763
 Consideration receivable from Sale of Honesty     -             57,477,790
 Group
 Notes receivable                                  94,863        -
 Inventories                                       1,707,445     1,864,011
 Advances to Honesty Group                         21,896,826    -
 Advances to suppliers                             26,647,857    4,609,506
 Other current assets                              181,233       60,548
    Total current assets                           90,870,454    84,983,801
PLANT AND EQUIPMENT, NET                           254,057       217,586
               Total assets                      $ 91,124,511  $ 85,201,387
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
 Accounts payable, trade                         $ 4,470,910   $ 4,608,600
 Accrued liabilities                               434,573       353,147
 Notes payable                                     318,788       -
 Short-term loan - shareholder                     208,958       208,958
 Other payables                                    1,018,926     343,883
 Customer deposits                                 1,586,038     153,436
 Taxes payable                                     6,812,729     5,552,293
    Total current liabilities                      14,850,922    11,220,317
OTHER LIABILITIES
 Warrant derivative liability                      44,989        92,966
    Total other liabilities                        44,989        92,966
               Total liabilities                   14,895,911    11,313,283
SHAREHOLDERS' EQUITY
 Preferred stock, $0.001 par value, 1,000,000
 shares authorized,
    nil issued and outstanding as of June 30,
    2012 and
    December 31, 2011, respectively                -             -
 Ordinary shares, $0.001 par value, 50,000,000
 shares authorized,
    17,465,356 and 17,258,356 issued and
    outstanding as of
    June 30, 2012 and December 31, 2011,           17,465        17,258
    respectively
 Additional paid-in-capital                        24,828,448    24,555,415
 Statutory reserves                                54,031        54,031
 Retained earnings                                 51,327,476    49,177,643
 Accumulated other comprehensive income            1,180         83,757
    Total shareholders' equity                     76,228,600    73,888,104
               Total liabilities and             $ 91,124,511  $ 85,201,387
               shareholders' equity





SGOCO GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
FOR JUNE 30, 2012 AND 2011 (UNAUDITED)
                            Three Months Ended       Six Months Ended
                            June 30,                 June 30,
                            2012         2011         2012         2011
                            (USD)       (USD)       (USD)       (USD)
REVENUES:
 Revenues                 $ 42,702,117 $ 85,580,821 $ 77,224,442 $ 172,556,445
     Total revenues         42,702,117   85,580,821   77,224,442   172,556,445
COST OF GOODS SOLD:
 Cost of goods sold         38,745,777   74,834,917   70,586,245   154,511,022
     Total cost of goods    38,745,777   74,834,917   70,586,245   154,511,022
     sold
GROSS PROFIT            3,956,340    10,745,904   6,638,197    18,045,423
OPERATING EXPENSES:
 Selling expenses           129,817      270,124      247,219      486,496
 General and                1,772,241    1,548,481    2,684,417    2,911,407
 administrative expenses
     Total operating        1,902,058    1,818,605    2,931,636    3,397,903
     expenses
INCOME FROM OPERATIONS      2,054,282    8,927,299    3,706,561    14,647,520
OTHER INCOME (EXPENSES):
 Interest income            1,214        45,966       1,623        60,805
 Interest expense           (24,406)     (536,898)    (38,961)     (933,050)
 Other income (expenses),   2,418        651,902      (11,980)     415,955
 net
 Change in fair value of
 warrant derivative         47,371       (596,040)    47,977       132,345
 liability
     Total other income     26,597       (435,070)    (1,341)      (323,945)
     (expenses), net
INCOME BEFORE PROVISION     2,080,879    8,492,229    3,705,220    14,323,575
FOR INCOME TAXES
PROVISION FOR INCOME        849,539      1,348,785    1,555,387    2,042,725
TAXES
NET INCOME                  1,231,340    7,143,444    2,149,833    12,280,850
OTHER COMPREHENSIVE
INCOME:
 Foreign currency           (10,694)     1,044,966    (82,577)     1,384,963
 translation adjustment
COMPREHENSIVE INCOME      $ 1,220,646  $ 8,188,410  $ 2,067,256  $ 13,665,813
EARNINGS PER SHARE:
 Basic                    $ 0.07       $ 0.45       $ 0.12       $ 0.76
 Diluted                  $ 0.07       $ 0.45       $ 0.12       $ 0.76
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES:
 Basic                      17,059,860   16,032,343   17,059,860   16,100,378
 Diluted                    17,059,860   16,032,343   17,059,860   16,216,126





SGOCO GROUP LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2012
                                                   March 31,    December 31,
                                                   2012          2011
                                                   (USD)        (USD)
                                                   (Unaudited)
ASSETS
CURRENT ASSETS
 Cash                                            $ 6,782,742   $ 534,501
 Restricted cash                                   65,122        -
 Accounts receivable, trade                        29,211,944    19,680,682
 Other receivables and prepayments                 365,713       756,763
 Consideration receivable from Sale of Honesty     33,873,594    57,477,790
 Group
 Inventories                                       4,396,592     1,864,011
 Advances to Honesty Group                         5,017,489     -
 Advances to suppliers                             7,913,646     4,609,506
 Other current assets                              18,164        60,548
    Total current assets                           87,645,006    84,983,801
PLANT AND EQUIPMENT, NET                           270,314       217,586
               Total assets                      $ 87,915,320  $ 85,201,387
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
 Accounts payable, trade                         $ 4,889,942   $ 4,608,600
 Accrued liabilities                               335,129       353,147
 Notes payable                                     65,122        -
 Short-term loan - shareholder                     208,958       208,958
 Other payables                                    1,133,006     343,883
 Customer deposits                                 113,498       153,436
 Taxes payable                                     6,069,351     5,552,293
    Total current liabilities                      12,815,006    11,220,317
OTHER LIABILITIES
 Warrant derivative liability                      92,360        92,966
    Total other liabilities                        92,360        92,966
               Total liabilities                   12,907,366    11,313,283
SHAREHOLDERS' EQUITY
 Preferred stock, $0.001 par value, 1,000,000
 shares authorized,
    nil issued and outstanding as of March 31,
    2012 and
    December 31, 2011, respectively                -             -
 Ordinary shares, $0.001 par value, 50,000,000
 shares authorized,
    17,465,356 and 17,258,356 issued and
    outstanding as of
    March 31, 2012 and December 31, 2011,          17,465        17,258
    respectively
 Additional paid-in-capital                        24,828,448    24,555,415
 Statutory reserves                                54,031        54,031
 Retained earnings                                 50,096,136    49,177,643
 Accumulated other comprehensive income            11,874        83,757
    Total shareholders' equity                     75,007,954    73,888,104
               Total liabilities and             $ 87,915,320  $ 85,201,387
               shareholders' equity





SGOCO GROUP LTD. AND SUBSIDIARIES
CONDENSDED CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
FOR MARCH 31, 2012 AND 2011 (UNAUDITED)
                                                       Three Months Ended
                                                       March 31,
                                                       2012         2011
                                                       (USD)       (USD)
REVENUES:
  Revenues                                          $  34,522,325 $ 86,975,624
         Total revenues                                34,522,325   86,975,624
COST OF GOODS SOLD:
  Cost of goods sold                                   31,840,468   79,676,105
         Total cost of goods sold                      31,840,468   79,676,105
GROSS PROFIT                                       2,681,857    7,299,519
OPERATING EXPENSES:
  Selling expenses                                     117,402      216,372
  General and administrative expenses                  912,176      1,362,926
         Total operating expenses                      1,029,578    1,579,298
INCOME FROM OPERATIONS                                 1,652,279    5,720,221
OTHER INCOME (EXPENSES):
  Interest income                                      409          14,840
  Interest expense                                     (14,555)     (396,151)
  Other income (expenses), net                         (14,398)     (235,949)
  Change in fair value of warrant derivative           606          728,384
  liability
         Total other income (expenses), net            (27,938)     111,124
INCOME BEFORE PROVISION FOR INCOME TAXES               1,624,341    5,831,345
PROVISION FOR INCOME TAXES                             705,848      693,939
NET INCOME                                             918,493      5,137,406
OTHER COMPREHENSIVE INCOME:
  Foreign currency translation adjustment              (71,883)     339,998
COMPREHENSIVE INCOME                                $  846,610    $ 5,477,404
EARNINGS PER SHARE:
  Basic                                             $  0.05       $ 0.32
  Diluted                                           $  0.05       $ 0.32
WEIGHTED AVERAGE NUMBER OF COMMON SHARES:
  Basic                                                17,053,036   16,169,170
  Diluted                                              17,053,036   16,280,942



SOURCE SGOCO Group, Ltd.

Website: http://www.sgoco.com
 
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