Mar. 5, 2010 (China Knowledge) - Sina Corp<SINA>, China's largest Internet portal, yesterday announced its unaudited financial results for the fourth quarter and fiscal 2009.

For the fourth quarter of last year, Sina's net revenues excluding revenue from its sold real estate advertising unit was US$93.5 million, 8% more than a year earlier.

Its fourth-quarter net income was US$372.1 million, compared to US$25.2 million a year ago, thanks to a gain of more than US$370 from the recent merger of its real estate advertising business with the China Real Estate Information Corp.

Sina estimated that its revenue for the first quarter of this year would stand between US$78 million and US$80 million.

For fiscal year ended Dec. 3, 2009, Sina reported net revenues of US$329.2 million, compared to US$333.8 million in the previous year. 

Net income for the past year totaled US$411.9 million, compared to US$80.6 million a year ago.