Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

ChinaCache International Holdings Q1 Profit Falls - Quick Facts

RELATED NEWS
Trade CCIH now with 
5/21/2012 5:17 PM ET

ChinaCache International Holdings Ltd. (CCIH: Quote) reported first quarter net income of 2.5 million renminbis, down from 3.2 million renminbis in the year-ago first quarter. Earnings per share remained flat with last year's 0.01 renminbi.

Earnings per American Depositary Share, or ADS, was 0.11 renminbis, compared to 0.13 renminbis per ADS.

Excluding items, adjusted net income for the latest quarter was 8.6 million renminbis or 0.37 renminbis per ADS, compared to the adjusted net income of 10.9 million renminbis or 0.43 renminbis per ADS in the comparable quarter last year.

Net revenues for the quarter rose 36.4 percent to 182.0 million renminbis from 133.5 million renminbis last year.

Click here to receive FREE breaking news email alerts for Chinacache International Holdings Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses. Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.