China Finance Online Q2 Net Profits Soared 192%

BEIJING, Sep 02, 2008 (SinoCast via COMTEX) -- JRJC | Quote | Chart | News | PowerRating -- China Finance Online Co., Ltd. (NASDAQ: JRJC | Quote | Chart | News | PowerRating) reaped net profits of USD 4.56 million in the second quarter of 2008, surging 192% from USD 1.56 million a year earlier, announced the Chinese online financial information and listed company data provider on August 29, 2008.

Net revenues amounted to USD 14.68 million, exceeding the forecasted USD 13-13.5 million and up 156% year on year from USD 5.72 million and 33% quarter on quarter from USD 11.06 million. Revenues from mobile value-added services reached USD 370,000, accounting for 3% of the total net revenues; from subscription service fees paid by institutional customers, USD 267,000, 2%; from advertising-related services, USD 758,000, 5%; from brokerage- related services, USD 121,000, 1%; and from other businesses, USD 30,000, 1%-less.

Costs increased 22% from USD 1.72 million a quarter earlier to USD 2.1 million.

China Finance Online expects its net revenues to rocket 112%-126% from a year ago to USD 15.5-16.5 million in the third quarter of the year.

From www.enet.com.cn, Page 1, Monday, September 01, 2008 info@SinoCast.Com

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