Chinese Internet company Tom Online (TOMO) showed a quarterly loss as it reported its financial results for the fourth quarter and full year ended December 31, 2006.

Total revenues were US$33.62 million, a decrease of 28.5% from the same period last year and a decrease of 11.1% from the previous quarter.

Total revenues for the year ended December 31, 2006 grew by 0.2% from 2005 to US$168.37 million, but revenues from wireless Internet services were US$152.64 million for the year, representing a decrease of 3.3% from 2005.

Quarterly wireless Internet revenues were US$29.60 million, representing a 32.0% decrease from the same period last year and a 11.9% decrease from the previous quarter due to the impact from operator and government policies. Wireless Internet revenues made up 88.0% of total quarterly revenues. Online advertising revenues were US$3.16 million, representing a 1.3% decrease from the same period last year and 10.6% decrease from the previous quarter. Online advertising revenues made up 9.4% of the company's total quarterly revenues.

Quarterly net loss was US$0.51 million, a decrease of 109.6% from the last quarter and a decrease of 104.0% from the same period last year due to the provision for goodwill impairment of US$4.63 million for the company's Indiagames under discontinued operations.


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