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AsiaInfo Q3 nets 9.1 mln USD

Thu. October 29, 2009; Posted: 04:12 AM
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BEIJING, Oct 29, 2009 (Xinhua via COMTEX) -- ASIA | Quote | Chart | News | PowerRating -- AsiaInfo Holdings, Inc. (ASIA.NASDAQ) announced Thursday that its total turnovers reached 63.5 million U.S. dollars in the third quarter of this year, up 41.8 percent year on year and 8.5 percent quarter on quarter.

The telecom software solutions provider's net turnover for the third quarter was 60.9 million dollars, representing an increase of 42.4 percent on year and 14.1 percent on quarter, and was in accord with its previous expectation.

The firm reported a net profit of 9.1 million dollars in the third quarter, vs. 6.1 million dollars in the same period a year ago and 7.2 million dollars in the second quarter. Its gross profit rate was 54.6 percent in July-September, while that of the third quarter of 2008 and previous quarter were respectively 51.8 percent and 49.1 percent.

AsiaInfo expects the net turnover in the final quarter to be in the range of 70 million dollars and 72 million dollars, up 37 percent to 40 percent, and it will count in the investment impairment loss of the earnings per share of 0.15 dollar in the financial report for October-December.

For full details on Asiainfo Holdings Inc (ASIA) click here. Asiainfo Holdings Inc (ASIA) has Short Term PowerRatings of 5. Details on Asiainfo Holdings Inc (ASIA) Short Term PowerRatings is available at This Link.

    


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