Chinese wireless network gear-maker Telestone Technologies Corp. has announced its financial result for the second quarter of the current year.

The shares of the firm have dropped after the announcement of the result. The company has said that there has been a decline in its net profit figure in the reviewed quarter.

According to the company officials, the rising costs for training its sales staff have offset higher revenue of the company which has affected the net profit of the firm.

The net income of the firm in the three months to June 30 has fallen down by 13% this year against its corresponding quarter in the preceding year.

The net income of the company was found out to be $1.7 million i.e. 16 cents per share which was recorded$2 million, or 19 cents per share in the June quarter of the financial year 2009-10. 

However, the revenue of the company has gone up by 37% and touched $16.6 million Q2 in this year from $12.1 million in same quarter last year. After the announcement, there has been a decline of 18.5% in the stock price of the firm.