The Digital Source For China's Tech Innovation Since 2000

Search
Close

KongZhong Lifts Wireless Services Revenue In China

August 11, 2009
Business | Telecom & Wireless

Chinese wireless value-added services firm KongZhong Corporation has announced its unaudited second quarter 2009 financial results.

Total revenues for the second quarter of 2009 increased 37% year-over-year and increased 9% quarter-over-quarter to USD32.3 million. Net income in the quarter was USD3.55 million, a 41% increase compared with the first quarter of 2009 net income of USD2.52 million.

Wireless value-added services revenues in the second quarter of 2009 increased 10% year-on-year and increased 1% sequentially to USD23.93 million. Revenues from 2.5G services accounted for approximately 21% of total WVAS revenues and revenues from 2G services represented the remaining 79% in the second quarter of 2009. Total mobile game revenues in the second quarter of 2009 were USD6.8 million, a 368% increase from the same period last year and a 38% increase sequentially.

Total gross profit was USD16.55 million in the second quarter of 2009, a 14% increase compared to the first quarter and a 55% increase compared to the same period last year.

Product development expenses in the second quarter of 2009 were USD4.37 million compared to USD4.85 million in the first quarter, or a 10% sequential decrease. Sales and marketing expenses in the second quarter of 2009 were USD4.45 million compared to USD4.08 million in the first quarter and USD5.08 million in the same period last year.

As of June 30, 2009, the company had USD132 million in cash and cash equivalents. The decrease of the cash balance in the second quarter of 2009 was mainly due to the USD9.55 million in cash used to repurchase shares as part of the company share repurchase plan during the second quarter.

Tags: 2.5G | 2G | 3G | 5G | cash | China | Chinese | development | finance | financial | game | KongZhong | marketing | mobile | mobile game | mobile phone | MVAS | profit | repurchase | revenue | sales | share | shares | Total | Wireless | wireless value-added services | WVAS

Other Related News:

Chinese Netizens' Online Time Increases By 56% Annually

February 12, 2007

Apple iPhone 13 price wins favor in China

September 16, 2021

Tesla China plant nearing capacity spurs $188M upgrade

November 27, 2021

China-U.S. relations not zero-sum game: Chinese FM-Xinhua

May 29, 2022

Microsoft Increases Investments In Rural China

June 5, 2008

Hitachi, Oracle Sell Anti-piracy Tags In China

June 5, 2007

World's First IPV6 Router Unveiled In Beijing

August 14, 2004

China's Gome Net Profit Up 34.45% In 2009

April 12, 2010

Tesla Giga Shanghai to halt production in July to upgrade Model Y line capacity 24HTECH.ASIA

June 23, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....