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Brightpoint enjoys rising profit, revenues

PLAINFIELD, Ind.-Brightpoint Inc. released its second-quarter earnings, reporting net income of $4.9 million, or 27 cents per share, which is a 35-percent increase over the second quarter of 2004.

Brightpoint reported revenues of $524 million, a 13-percent increase from the second quarter of 2004, and the company handled 9.5 million wireless devices, a 60-percent increase from the second quarter of 2004, which Brightpoint said was driven by 113-percent growth in fee-based logistic services unit volumes.

The company said its income from continuing operations was $5.1 million, or 28 cents per share, and it has received preliminary indications that it has been selected to provide distribution and logistical services to a company that will launch a mobile virtual network operator service in late 2005 or early 2006.

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