Asia Time jumps 27% after swinging to Q1 profit

Asia Time Corp. (AMEX:TYM) shares are jumping 27% after the maker of watch components reported that it swung to a first-quarter profit of $2.4 million, or $0.08 per share, versus a loss of $0.2 million, or $0.01 per share, a year earlier. Quarterly net sales rose 74% to $36.8 million from $21.1 million during the same period of 2007.

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