ChinaNet (CNET) Reports Q2 Loss of $0.60 on Revenues of $22.5M

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Go back to ChinaNet (CNET) Reports Q2 Loss of $0.60 on Revenues of $22.5M

ChinaNet Online Holdings Reports Second Quarter and First Half Year 2018 Unaudited Financial Results

August 17, 2018 7:30 AM EDT

BEIJING, Aug. 17, 2018 (GLOBE NEWSWIRE) -- ChinaNet-Online Holdings, Inc. (Nasdaq: CNET) ("ChinaNet" or the "Company"), an integrated online advertising, precision marketing, data-analysis and management services platform, today announced its unaudited financial results for the second quarter and first half year of 2018.

Second Quarter 2018 Highlights

Total revenues increased by 114.5% to $22.5 million from $10.5 million in the corresponding period of 2017.Revenues from search engine marketing and data service increased by 142.1% to $19.4 million from $8.0 million in the corresponding period of 2017.

First half Year 2018... More