CHINA FINANCE ONLINE SUFFERED USD103MN LOSS IN Q3

AsiaInfo Services
11-25-2009
China Finance Online Suffered USD103mn Loss in Q3

BEIJING, Nov 25, 2009 (SinoCast Daily Business Beat via COMTEX) -- China Finance Online Co., Ltd. (NASDAQ: JRJC) gained an operating revenue of USD 14.58 million in the third quarter of 2009, slipping 4% year on year, citing the Chinese financial information provider's latest announcement.

In line with the US generally accepted accounting principles (GAAP), China Finance Online suffered a net loss of USD 1.03 million last quarter, compared with a net profit of USD 4.77 million in the comparable period of 2008. Its non-GAAP net profit declined from USD 6.38 million to USD 600,000.

China Finance Online's two websites Jrj.com and Stockstar.com had seen the total number of their users increase 720,000 quarter on quarter to 13.12 million by the end of this September, when the company's securities brokerage firm Daily Growth Investment Co., Ltd. had lured about 14.2 million customers.

In addition, the NASDAQ-listed company expected its operating revenue to reach USD 13 million to USD 14 million in the fourth quarter this year, less than USD 15.28 million a year earlier.

Source: www.hexun.com (November 25, 2009)

KEYWORD: BEIJING INDUSTRY KEYWORD: Internet & Online Services & Media SUBJECT CODE: General Industry Information
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