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October 11, 2012
07:37 EDTCNETChinaNet Online raises FY12 net income guidance to $3.1M from prior $2.8M
ChinaNet Online Holding announced that the company is raising its 2012 full year net income guidance to $3.1M from $2.8M previously provided. The revised net income guidance does not include any benefits from the proposed acquisition of the remaining 49% equity interest in Sou Yi Lian Mei Network Technology announced on Sept. 17. The increase in our net income guidance reflects both improved expense management as well as a better than expected recovery from 28.com, and growth from Liansuo.com and brand management services and solutions based on our cloud-based marketing platform.
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