Earnings: Tom Online’s Profits Stall

Tom Online, another one of the big online portal players in China, has reported flat profits for Q2. Its net income rose to $10.2 million from $10.1 million a year earlier, the company said. Sales rose to $42.8 million from $30.9 million.

TOM Online, which gets most of its revenue from selling mobile phone information and games in China, has benefited from the growing pool of Chinese cellular subscribers. Wireless Internet revenues surged to $40.7 million, making up about 95 percent of revenue, from $28.8 million a year earlier.

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