ChinaNet Online Posts Loss In Q3 - Quick Facts

(RTTNews) - ChinaNet Online Holdings Inc. (CNET) posted third-quarter 2014 net loss attributable to the company of $0.9 million, or $0.04 per share, versus a profit of $1.2 million, or $0.05 per share, last year.

On the other hand, revenues for the three months were $12.1 million, compared with $7.5 million for the three months ended September 30, 2013, up by 61%, due mainly to new revenues from search engine marketing services, an integrated internet and digital marketing service, ChinaNet added to its existing stream of internet marketing services from the second quarter of 2014.

For the third quarter of 2014, revenue from internet advertisements, search engine marketing and other related technical services grew by 64% year-on-year to $10.0 million.