Sino-Global Shipping America net income increased 48.2%
Gross and operating margin increased from 34.6% and 2.6%, respectively, for the year ended June 30, 2014 to 47.6% and 9%, respectively for the same period of 2015. The margin improvement is attributable largely to our diversified service platform and favorable service mix in fiscal year 2015.
Net income increased 48.2% from $434,486 for the year ended June 30, 2014 to $643,922 for the same period in 2015 due mainly to solid contribution from our higher margin inland transportation management services.
Year-over-year margin improvement and growth in net income due primarily to our restructuring efforts that began approximately 2 years ago and our decision to incorporate inland transportation management services into our integrated service platform.
Inland transportation management services grew strongly, with revenues rising to almost $4.8 million and gross profit topping $4.0 million in the year ended June 30, 2015, which sharply contrasts to revenues of approximately $2.2 million and gross profit of approximately $1.9 million for the preceding year. ■