VANCOUVER, Aug. 30, 2012 /PRNewswire/ - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTCQX: CHNUF), a leading technology provider of online learning, training courses and social media for teachers, students and education professionals, announced its financial results for the second quarter of 2012. All figures are expressed in U.S. dollars.
China Education Resources generated gross revenues of $1,824,968 in the second quarter of 2012. This is compared to gross revenue of $1,103,954 for the same period in 2011. The loss of the second quarter was $177,321 as compared to a loss of $398,431 for the same period in 2011.
During the six months ended June 30, 2012, the Company generated revenue of $4,362,780 as compared with $3,271,740 for the same period in 2011. The profit attributable to the owners of the Company for the period was $433,518 as compared to $45,560 for the same period in 2011.Q2 of 2012 financial highlights include: Online products revenue of $739,416 generated during the second quarter of 2012 as compared to $303,438 during the same period in 2011; Text book sales revenue of $1,085,552 generated during the second quarter of 2012 as compared to $800,516 during the same period in 2011. "We are very pleased with our increasing revenues in our Q2 2012 results, particularly for the digital textbook sales which have started to generate revenue." said Chengfeng Zhou, CEO, China Education Resources. "We are utilizing our internet platform and educational social network together with our existing online/offline products which will provide blended comprehensive education resources and services to teachers and students. Our goal is to strengthen our position as the leading provider of digital educations services to China's K-12 sector." With the successfully launched digital textbook program, CER is being approached by educational publishers to develop and provide digital supplementary materials to students through our school platform.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV