China Finance Online Co. Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
September 13, 2012
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China Finance Online Co. Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net revenues were $8,100,000 against $13,778,000 a year ago. Loss from operations was $3,031,000 against $173,000 a year ago. Loss before income tax expenses was $2,320,000 against $1,000,000 a year ago. Net loss attributable to company was $2,582,000 against $1,796,000 a year ago. Diluted loss per share was $0.02 against $0.02 a year ago. Loss per ADS diluted was $0.12 against $0.08 a year ago.
For the six months, the company reported net revenues were $17,209,000 against $28,733,000 a year ago. Loss from operations was $5,411,000 against income of $1,109,000 a year ago. Loss before income tax expenses was $3,454,000 against income of $1,977,000 a year ago. Net loss attributable to company was $3,835,000 against $403,000 a year ago. Diluted loss per share was $0.04 against $0.00 a year ago. Loss per ADS diluted was $0.18 against $0.02 a year ago.
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.