Sina Slumps in Profit

Consumer and Retail

Saturday, August 30, 2008 05:52:53

	Sina Slumps in Profit By STAFF EDITOR Published: February 09, 2007 12:27 AM Sina Corp, the country's most popular Web portal, said fourth quarter net profit fell 15% to US$11.7 million due to stock options expenses and new billing regulations that affected its wireless services business.Net income for the same period a year ago totaled 13.8 million usd.Revenue though rose 9% to US$56.4 million, beating market expectations for 55.3 mln.... You are currently reading 57 words of 173 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: sina , wireless , EA	More Articles in Consumer and Retail > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > How has Taobao.com grown so rapidly? Danone meets resistance from Wahaha in its acquisition bid China Netcom Profit Growth Slows on Decline in Users China Unicom 2006 profit slides Yiwu to expand trade mall Arcelik buys Chinese washing machine maker Quake erodes profits at Sichuan white goods maker

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