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Online matchmaker's profit down 57% in Q1 2012

May. 24, 2012 (China Knowledge) - International Ltd<DATE>, which operates the largest online dating platform in China, has posted RMB 5.2 million-net profit attributable to shareholders for the first quarter of 2012, a YoY decline of 57% from RMB 12.1 million.

In the reporting period, the firm's non-GAAP net profit attributable to shareholders reached RMB 9.1 million, compared with RMB14.8 million for the first quarter of 2011.

Operating revenue for the first quarter of 2012 totaled RMB 87.4 million, representing a YoY increase of 27.8%, primarily due to strong growth in the online services.

Gross profit for the first quarter of this year was RMB 56.3 million, representing a YoY increase of 21.3% from RMB 46.4 million and a sequential decrease of 4.6% from RMB 59 million.

As of Mar. 31, 2012, the U.S.-listed company had RMB 600 million in cash and short-term deposits. also aims to reap between RMB 93 million and RMB 95 million in operating revenue in the second quarter of this year.

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