BEIJING, Aug. 21, 2012 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of internet content and application delivery services in China, today announced its unaudited condensed consolidated financial results for the Company's second quarter ended June 30, 2012. Highlights for the Second Quarter of 2012
- Net revenues in the second quarter were RMB197.5 million (US$31.1 million), representing an 8.6% increase from the previous quarter and a 36.3% increase year-over-year.
- Gross profit in the second quarter was RMB62.1 million (US$9.8 million), up 10.3% from the previous quarter and 44.4% year-over-year.
- Gross margin in the second quarter was 31.4%, compared to 30.9% in the first quarter of 2012 and 29.7% in the corresponding quarter in 2011. Adjusted gross margin (non-GAAP) in the second quarter was 39.1%.
- Net income in the second quarter was RMB4.3 million (US$0.7 million), compared to RMB2.5 million in the first quarter of 2012, up 70.8% sequentially and compared to a net loss of RMB5.7 million in the corresponding period in 2011.