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Tom Online Shows Healthy Revenue Increases

August 11, 2005
Editorial Staff

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.

Related Topics: bank | cash | China | executive | finance | financial | Internet | online | revenue | share | strategy | technology | Tom Online | Total | Wireless

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