Jinpan International Ltd. (JST) Reports 47% Increase in Q2 Net Income

Jinpan International Ltd. (JST), a Chinese manufacturer of cast-resin transformers for wind and electrical power distribution, reported second quarter 2008 financial results today during regular trading hours. Revenues rose to$40.6 million, an increase of 26.7% year-over-year from $32.1 million. Net income rose to $6.0 million, or 74 cents per share, an increase of 47.4% from $4.1 million, or 51 cents per share, in the same period of 2007. No analysts currently cover the stock.