BEIJING, Nov. 18, 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 third quarter ended September 30, 2013. Highlights for the Third Quarter of 2013
- Net revenues in the third quarter reached RMB275.4 million (US$45.0 million). This represents a 6.9% increase from the previous quarter and a 31.6% increase year-over-year.
- Gross profit in the third quarter was RMB87.6 million (US$14.3 million), an increase of 8.6% from the previous quarter and 28.3% year-over-year.
- Gross margin in the third quarter improved to 31.8%, compared to 31.3% in the second quarter of 2013. Adjusted gross margin (non-GAAP) in the third quarter was 36.3%.
- Adjusted net loss (non-GAAP) was RMB16.0 million (US$2.6 million) in the third quarter, compared to adjusted net income of RMB12.6 million in the second quarter of 2013.