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 Search News  Or's profit drops 39.17% in Q4

Feb. 8, 2012 (China Knowledge) - Inc<SOHU>, which runs one of China's largest web portals, has posted US$25.24 million-net profit attributable to shareholders on a GAAP basis for the fourth quarter of 2011, reflecting a year-on-year decline 39.17% from US$41.49 million.

On a non-GAAP basis, the U.S.-listed firm's net profit attributable to shareholders for the fourth quarter of last year reached US$52.86 million, compared with US$47.89 million in the fourth quarter of 2010.

During the three months ended Dec. 31, 2011, the company's GAAP earnings per American Depositary Share were US$0.65, less than US$1.07 in the same period of 2010. Non-GAAP earnings per ADS climbed from US$1.23 to US$1.36.

Total revenue for the fourth quarter of last year surged 42% year on year from US$173.16 million to US$246.15 million, more than a forecast of US$243.75 million made by 11 analysts at Thomson Reuters.

For the whole year of 2011, reaped US$852 million in total revenue, up 39% from the whole year of 2010.

The leading Chinese web portal also estimated that its non-GAAP net profit attributable to shareholders for the first quarter of 2012 might have reached between US$19.5 million and US$21.5 million, and the firm's total revenue for the quarter is expected to reach between US$219 million and US$225 million.

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