China Finance Online Q2 profit up

BEIJING, Aug 29, 2008 (Xinhua via COMTEX) -- JRJC | Quote | Chart | News | PowerRating -- China Finance Online Co. Ltd. ( JRJC.NASDAQ), an online financial information provider in China, has reported handsome financial results for Q2 of 2008, thanks to increase of registered users and active paid subscribers.

In the quarter ended June 30, the company's non-GAAP net profit amounted to 6.53 million US dollars, up 202 percent year on year, beating the company's guidance of 5.5 million to six million dollars.

It recorded net revenue of 14.68 million dollars in Q2, representing a year-on-year growth of 156 percent.

The number of its registered user accounts increased by 700, 000 over Q1 to 10.5 million, and the active paid individual subscribers grew by 34 percent to 100,600.

The company projected its net revenue for Q3 at 15.5 million to 16.5 million dollars, representing a growth rate ranging from 112 percent to 126 percent.

On Thursday, its share price gained 1.12 percent to close at 18.09 dollars.

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