China Real Estate Q4 Net Skyrocketed to USD32.401mn

Posted on: Wed, 10 Mar 2010 07:02:08 EST

Symbols: CRIC

NEW YORK, Mar 10, 2010 (SinoCast Daily Business Beat via COMTEX) --

China Real Estate Information Corporation (CRIC, Nasdaq: CRIC | PowerRating) took total revenues of USD 41.321 million for the three months ended December 31, 2009, rocketing 203% from USD 13.626 million a year ago, the Shanghai-based provider of real estate information, consulting, advertising, and online services in China announced in its unaudited financial results on March 9, 2010.

In detail, revenue from real estate consulting and information services surged to USD 21.928 million from USD 13.154 million in the prior year. Revenue from advertising services galloped up to USD 5.563 million from USD 472,000. Revenue from online services hit USD 13.830 million.

Cost of revenue swelled to USD 7.576 million from USD 606,000 a year earlier. Selling, general, and administrative expenses expanded to USD 23.522 million from USD 7.260 million. Income from operations jumped to USD 12.324 million from USD 5.760 million.

Net income tumbled up to USD 32.843 million from USD 4.949 million in 2008. Net income attributable to the listed company's shareholders skyrocketed 507% year on year to USD 32.401 million from USD 5.339 million. Basic earnings per share flied to USD 0.25 from USD 0.07.

Source: www.enet.com.cn (March 10, 2010)

For full details on (CRIC) CRIC. (CRIC) has Short Term PowerRatings at TradingMarkets. Details on (CRIC) Short Term PowerRatings is available at This Link.

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