Sina Posts Profit


Following yesterday’s news that Chinese portal (Nasdaq: SOHU) posted strong profits, rival (Nasdaq: SINA) also posted a profit of $3.4 million, with revenues of $18.1 million, a 155 percent increase over the year-ago quarter. Non-advertising revenues–majority of which were driven by SMS revenues–for the quarter grew to $10.8 million and accounted for 60 percent of the total revenues.

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