国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  .contact us |.about us
News > Business News ...
Search:
    Advertisement
Sina clicks record earnings
( 2003-07-25 12:04) (China Daily)

Sina Corporation, China's biggest Internet portal in terms of revenues, reported a record-high income for the past quarter - boosted by SARS.

"The June quarter is by far the best Sina has had since it went public three years ago," said Sina President and Chief Executive Officer Wang Yan in a conference call with investors and analysts yesterday.

The company said its revenues went above the previously boosted target of US$24-
US$25 million to US$26 million. The result is an increase of 43 per cent quarter-on-quarter and 203 per cent year-on-year.

It also achieved profits for the third consecutive quarter at US$7.1 million and the diluted earnings per share (EPS) stood at US$0.14, doubling the figures of the first three months of this year.

The biggest online advertising operator in China strengthened its title in the past quarter, with income growing 30 per cent quarter-on-quarter to US$9.5 million.

"It turned out that our fears about the SARS impact did not materialize in the past quarter," said Hurst Lin, Sina's chief operating officer.

He added that the effect of the acquisition of Guangzhou-based mobile service operator MeMeStar boosted the company's short messaging service (SMS) revenues.

"The acquisition of MeMeStar has been the most important single factor in the growth of mobile messages," said Lin.

Sina's income from the SMS sent to mobile phone users reached US$14.18 million, with a 54 per cent sequential growth from April to June. Other revenue pools including e-commerce and software contributed US$2.1 million to Sina.

The company had US$96.9 million cash by June 30, US$7.2 million more than the figure at the end of the first quarter, not including US$97.5 million net proceeds from the issuance of US$100 million zero-interest convertible bonds in early July.

"Sina's results are very exciting, considering its big revenue and the high growth," said Peter Lu, a senior Internet industry analyst in Beijing.

However, Sina's online game business conducted by its joint venture with South Korean game developer NC Soft suffered a heavy blow from the SARS epidemic. A large number of Internet cafes in China were shut down in the second quarter, where most game players access the Internet.

Hurst Lin said online games were probably the only area of Sina's business negatively impacted by SARS and its contribution in the second quarter was minimal.

"We will probably need another one or two quarters before we can see significant revenues from this joint venture," said Lin.

Compared with the rapid growth in the past quarter, Sina expects a stable development in this quarter.

Its revenues are forecast to be US$28.5-US$29.3 million with 10-13 per cent growth over the past quarter and earnings per diluted share are estimated to be US$0.16-US$0.18.

Online advertising revenues will be around US$10.5-US$10.8 million, 11-14 per cent higher over the past quarter, while non-advertising revenues are expected to reach US$18-US$18.5 million, 9-12 per cent higher over the past three months.

"Although the growth rate is much lower than Sina had achieved in the second quarter, it is still be a satisfactory forecast, as its revenue basis is already quite big," said Yin Yijian, an Internet industry analyst with Shanghai-based Shenyin & Wanguo Securities3.

 
Close  
   
  Today's Top News   Top Business News
   
+The next great leap after Shenzhou V
( 2003-10-21)
+Hu calls for balanced development
( 2003-10-21)
+Report: SARS not airborne virus
( 2003-10-21)
+Japan urged to resolve weapons issue
( 2003-10-21)
+Int'l AIDS group opens Beijing office
( 2003-10-21)
+Home-appliance giants want wheels
( 2003-10-21)
+Exchange-rate reform under study
( 2003-10-21)
+Health insurance sector called for
( 2003-10-21)
+SanDisk teams up to open outlets
( 2003-10-21)
+Housing prices start to sag in Shanghai
( 2003-10-21)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
  Related Articles  
     
 

+Sohu revenue soars on SARS
2003-07-24

+Tom.com plans lone listing
2003-07-03

 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  

          博野县| 台前县| 本溪市| 昌邑市| 平乐县| 遂平县| 密山市| 普陀区| 阿拉尔市| 泾阳县| 茂名市| 洪江市| 巴彦淖尔市| 镇原县| 建始县| 宁安市| 万山特区| 莱阳市| 威宁| 寻乌县| 英吉沙县| 高密市| 云林县| 荣成市| 天祝| 岑溪市| 保定市| 洪湖市| 台中县| 枣庄市| 遵义市| 普洱| 闵行区| 浏阳市| 丁青县| 兴隆县| 郑州市| 荣昌县| 潼关县| 台北市| 长治市|