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ChinaNet Raises 2012 Profit Guidance to USD 3.1 Mln

ChinaNet IR, 10/11/12

Chinese online and TV advertising firm ChinaNet Online Holdings (Nasdaq: CNET) today announced that the company is raising its 2012 full year net income guidance to USD 3.1 mln from USD 2.8 mln previously provided. The revised net income guidance does not include any benefits from the proposed acquisition of the remaining 49% equity interest in SouYi Lian Mei Network Technology (SouYi) announced on September 17, 2012.

Keywords: TV advertising guidance Internet CNET ChinaNet SouYi profit television

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