Tom Online Reports Increased 3Q Net Income

Tom Online's (TOMO) total revenues for the third quarter ended September 30, 2005 were US$45.94 million, an increase of 46.3% from the same period last year and up 7.4% from last quarter.

Gross profit was US$20.25 million, representing an increase of 49.7% over the same period last year and a 13.9% increase QoQ.

Wireless Internet service revenues were US$43.16 million, representing a 52.7% increase over the same period last year and a 6.1% increase over the previous quarter. Wireless Internet revenues made up 93.9% of the company's total quarterly revenues.

Net income was US$12.88 million, an increase of 76.9% from the same period last year and up 25.8% from the last quarter.

Fully diluted earnings per American Depository Share ("ADS") were US$24.5 cents or US$0.31 cents per Hong Kong ordinary share.

Balance of cash, short-term bank deposits and marketable securities was approximately US$126.07 million at the end of the third quarter of 2005.

Operating income was US$11.5 million, up 83.1% from the same period last year and 23.1% from last quarter. Operating margins also improved to 25% in the third quarter compared to 21.8% from the last quarter as operating expenses were basically flat QoQ and as business scales.

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend