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Linktone Q2 Net Exploded 200%

SHANGHAI, Aug 26, 2009 (SinoCast Daily Business Beat via COMTEX) --

Company: Linktone Ltd (LTON)

Linktone Ltd. (Nasdaq: LTON) saw an operating revenue of USD 18.3 million in the second quarter ended June 30, 2009, increasing 26% year on year and 24% quarter on quarter, the leading Chinese wireless interactive entertainment services provider announced in its unaudited financial report on August 26, 2009.

Net profit hit USD 900,000 in the quarter, exploding 200% year on year; interest income USD 600,000, compared with USD 200,000 in the first quarter; and product development expenses USD 1.0 million, compared with USD 1.0 million in the first quarter and USD 700,000 a year ago.

Moreover, the company had reached USD 99.7 million cash, cash equivalents, and short-term investments for sale by the end of June 30, 2009, compared with USD 101 million at the end of the first quarter.

The company's gross revenue was predicted to range from USD 18 million to USD 20 million in the third quarter ending September 30, 2009. 

Source: www.163.com (August 26, 2009)

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Company: Linktone Ltd (LTON)


Related terms: entertainment, nasdaq, net profit, product development, wireless, SinoCast China Business Daily news, operating revenue, net profit, interest income, cash equivalents, gross revenue, entertainment services

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