ChinaNet Online Holdings, Inc. (CNET) Announces Earnings Results
ChinaNet Online Holdings, Inc. (NASDAQ:CNET) announced its quarterly earnings results on Wednesday. The business services provider reported ($0.17) earnings per share for the quarter, RTT News reports. ChinaNet Online Holdings had a negative net margin of 15.48% and a negative return on equity of 29.70%. The company had revenue of $13.52 million during the quarter. During the same period in the previous year, the business posted ($0.13) earnings per share.
Shares of ChinaNet Online Holdings (CNET) opened at $1.13 on Friday. ChinaNet Online Holdings has a 1-year low of $0.90 and a 1-year high of $1.99. The company has a current ratio of 1.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01.
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ChinaNet Online Holdings Company Profile
ChinaNet Online Holdings, Inc is a holding company that conducts its primary businesses through its subsidiaries and operating entities (the variable interest entities (VIEs)). The Company is a business-to-businesses (B2B), integrated Internet technology company providing online-to-offline (O2O) sales channel expansion, precision marketing and the related data services for small and medium-sized enterprises, and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China.
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