Reiterates FY2012 Revenue and Net Income Guidance of $42 Million and $2.8 Million, Respectively Management to Host Conference Call on Tuesday, August 2 1 st at 8:30 a.m. E astern T ime
BEIJING, Aug. 21, 2012 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. ("ChinaNet" or the "Company"), (Nasdaq:CNET), a leading B2B (business to business) Internet technology company providing online-to-offline ("O2O") sales channel expansion service for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the People's Republic of China, today announced financial results for the second quarter of 2012.
|Second Quarter 2012 Results (USD) (Unaudited)|
|Q2 2012||Q2 2011||CHANGE|
|Sales||$ 13.1 million||$ 9.1 million||+45%|
|Gross Profit||$ 3.8 million||$ 5.6 million||-32%|
|Net Income Attributable to Common Stockholders||$ 0.9 million||$ 2.8 million||-68%|
|EPS (Diluted)||$ 0.04||$ 0.15||-73%|