China Finance Online Co., Ltd. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015
September 14, 2015 at 05:31 pm EDT
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China Finance Online Co., Ltd. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, net revenues were $23,115,000 against $20,599,000 a year ago. Income from operations was $608,000 against loss from operations of $14,075,000 a year ago. Income before income tax benefits (expenses) was $5,330,000 against loss before income tax benefits (expenses) of $12,481,000 a year ago. Net income attributable to China Finance Online Co. Limited was $4,072,000 or $0.03 per diluted share against net loss attributable to China Finance Online Co. Limited of $6,390,000 or $0.06 per basic and diluted share a year ago. Diluted net income per ADS attributable to China Finance Online Co. Limited was $0.16 against basic and diluted net loss per ADS attributable to China Finance Online Co. Limited of $0.29 last year.
For the six months, net revenues were $36,816,000 against $43,778,000 a year ago. Loss from operations was $2,939,000 against $14,719,000 a year ago. Income before income tax benefits (expenses) was $2,636,000 against loss before income tax benefits (expenses) of $12,471,000 a year ago. Net income attributable to China Finance Online Co. Limited was $2,735,000 or $0.02 per basic and diluted share against net loss attributable to China Finance Online Co. Limited of $8,376,000 or $0.08 per basic and diluted share a year ago. Diluted net income per ADS attributable to China Finance Online Co. Limited was $0.11 against basic and diluted net loss per ADS attributable to China Finance Online Co. Limited of $0.38 last year. The increases of net income on both year-over-year and quarter-over-quarter basis were mainly attributable to the improved operating earnings and one-time gain on investment.
China Finance Online Co. Limited is a Web-based financial services company in China. The Company provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers. The Company operates through three segments: commodities brokerage services, online financial information and advisory service, and other related services in the People's Republic of China (PRC), and Hong Kong brokerage services. The Company offers financial software, information services and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co., Ltd., the Company provides financial database and analytics to institutional customers, including domestic financial, research, academic and regulatory institutions.