Tom Online (TOMO) today posted its financial results for the second quarter ended June 30, 2005. Total revenues were US$42.78 million, an increase of 38.5% from the same period last year and up 21.2% from the last quarter.
In a prepared statement, Wang Lei Lei, Tom Online Chief Executive Officer and Executive Director, said, "Tom Online had a very strong quarter. Our focus and strategy to be the leading wireless Internet company in China, continues to produce strong results".
Wireless Internet revenues were US$40.67 million, representing a 41% increase over the same period last year and a 21.6% increase over the previous quarter. Wireless Internet revenues made up 95% of the Company's total quarterly revenues.
Net Income was US$10.24 million, an increase of 1.8% from the same period last year and up 11.8% from the last quarter.
Fully diluted earnings per American Depository Share ("ADS") were US$19.5 cents per share or US$0.24 cents per common share.
Balance of cash, short-term bank deposits and marketable securities was approximately US$153.05 million at the end of the second quarter 2005.