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Net profit hit USD 900,000 in the quarter, exploding 200% year on year; interest income USD 600,000, compared with USD 200,000 in the first quarter; and product development expenses USD 1.0 million, compared with USD 1.0 million in the first quarter and USD 700,000 a year ago.
Moreover, the company had reached USD 99.7 million cash, cash equivalents, and short-term investments for sale by the end of June 30, 2009, compared with USD 101 million at the end of the first quarter.
The company's gross revenue was predicted to range from USD 18 million to USD 20 million in the third quarter ending September 30, 2009.
Source: www.163.com (August 26, 2009)
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