ChinaNet Online Holdings Inc. (CHNT.OB) Reports Solid Q2 Results with Increases across the Board
ChinaNet Online Holdings Inc. offers full-service media development, advertising and communications to small and medium-sized companies in the People’s Republic of China. Yesterday, the company posted its second-quarter financials, reporting an increase in revenues, net income and cash flow. ChinaNet increased its revenues for the second quarter of 2009 by 79 percent to $9.4 million, up from the $5.2 million reported in the same period of 2008. The company attributes the achievement to a boost in its Internet and television advertising, which contributed roughly 45 percent of total revenues for 2009. Net income for the second quarter of 2009 was…