Says Quarterly Profits Swell


Chinese Internet media company’s quarterly profits swelled on the back of popular demand for wireless text messaging services. It raked in Q2 profits of $7.5 million, or 19 cents per diluted share, which compared with a net loss of 2 cents per diluted share in the year-earlier quarter.

Revenues rose 216 percent year-on-year to $19.3 million, the company said. Fee-based revenues for services such as text-messaging grew 354 percent to $12.5 million, it said.

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