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In the quarter ended June 30, KongZhong realized a net profit of 300,000 US dollars on GAAP base, up 669 percent year on year. Its diluted earnings per ADS were 0.01 dollar. After adjustment, the net profit amounted to 1.06 million dollars, and earnings per ADS, 0.03 dollar, higher than the estimated 0.01 dollar.
The company's Q2 revenue increased by 10 percent on quarter to hit 23.52 million dollars, including 23.13 million dollars from WVAS.
Revenue from 2.5G services accounted for about 33 percent of the company's total WVAS revenue, and that from 2G services, 67 percent.
KongZhong targets its Q3 revenue at 23.5 million to 24.5 million US dollars, while analysts expect 23.03 million dollars.
The company's share price went up 1.01 percent to close at 4. 01 dollars on Thursday.
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