BEIJING, Aug. 19, 2013 (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 second quarter ended June 30, 2013. Highlights for the Second Quarter of 2013
- Net revenues in the second quarter reached RMB257.7 million (US$42.0 million), exceeding previous expectation of RMB250 million to RMB255 million. This represents an 11.7% increase from the previous quarter and a 30.5% increase year-over-year.
- Gross profit in the second quarter was RMB80.6 million (US$13.1 million), an increase of 13.3% from the previous quarter and 29.9% year-over-year.
- Gross margin in the second quarter improved to 31.3%, compared to 30.9% in the first quarter of 2013. Adjusted gross margin (non-GAAP) in the second quarter was 35.6%.
- Adjusted net income (non-GAAP) was RMB12.6 million (US$2.1 million) in the second quarter, compared to adjusted net loss of RMB7.5 million in the first quarter of 2013.