Sino-Global Shipping America, Ltd. (SINO) has reported 250.63 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $0.65 million, or $0.08 a share in the quarter, compared with $0.18 million, or $0.02 a share for the same period last year.

Revenue during the quarter dropped 27.96 percent to $1.94 million from $2.70 million in the previous year period. Gross margin for the quarter expanded 3021 basis points over the previous year period to 84.25 percent. Total expenses were 63.34 percent of quarterly revenues, down from 80.99 percent for the same period last year. This has led to an improvement of 1765 basis points in operating margin to 36.66 percent.

Operating income for the quarter was $0.71 million, compared with $0.51 million in the previous year period.

Mr. Lei Cao, chief executive officer of Sino-Global, stated, "We continue to operate in an industry that is always changing, and Sino-Global must evolve to meet the needs of the market. We have maintained the Company's ultimate goal of alleviating the challenge of logistics across multiple regions throughout the world and, in August, we announced the development of an internet-based application that will provide a full-service logistics platform between the US and China to short-haul trucking companies in the US. Our Company offers a unique value proposition that is well-equipped to help connect logistics and supply chains."

Cash and cash equivalents stood at $2.90 million as on Sep. 30, 2016, up 184.38 percent or $1.88 million from $1.02 million on Sep. 30, 2015.