RealTime IT News

chinadotcom Bags $10.8 Million in Fourth Quarter

chinadotcom corp. announced this week that total revenues for the quarter ending December 31 were US$10.8 million, a 105 percent increase over the third quarter of 1999.

The firm says the figure represents a 927 percent increase from total revenues of US$1.0 million for the quarter ended December 31, 1998.

chinadotcom corporation reported total revenues for the year ended December 31, 1999 were US$20.1 million, a 483 percent increase from total revenues of US$3.5 million for the year ended December 31, 1998.

The company's net loss for the year 1999 was US$18.7 million. Excluding non-cash components, such as goodwill amortization and stock compensation expenses, the net loss was US$7.0 million.

Advertising revenue for the quarter was US$4.4 million, representing a 113 percent increase from the previous quarter. E-business revenue for the quarter ended December 31, 1999 was US$6.2 million, representing a 113 percent increase from the previous quarter.

chinadotcom corporation claims an average of daily pageviews on its network of portal web sites for the quarter ended December 31,1999 of 4.2 million, representing 68 percent growth from the previous quarter.

The firm also says that its registered community membership also grew from over 750,000 users at the end of the quarter ended September 30, 1999 to over 2.2 million users at the end of the quarter ended December 31, 1999.