CDC Corporation (CHINA) Reiterates Second Half Guidance
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CDC Corporation (NASDAQ: CHINA) reiterated its second half guidance for 2008.
On September 16, 2008, CDC Corporation announced that based on preliminary financial projections and estimates, the company expects Adjusted EBITDA for the second half of 2008 to be in the range of approximately (U.S.)$10.0 million to (U.S.)$12.5 million, compared to approximately (U.S.)$1.4 million for the same period in 2007. This previously issued guidance represented an increase of up to 25 percent over the amounts set forth in the company's earlier guidance issued on August 26, 2008, which estimated that Adjusted EBITDA for the second half of 2008 would be approximately (U.S.)$8.0 million to (U.S.)$10.0 million.
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Games focused on online games, and China.com focused on portals for the greater China markets.[SM]
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