ChinaCache Q2 Profit Down, Despite Higher Revenues; Names Jing An CFO

(RTTNews) - ChinaCache International Holdings Ltd. (CCIH), a solutions provider of Internet content and application delivery services, reported Tuesday that its second-quarter net income attributable to ordinary shareholders was RMB6.9 million or $1.1 million, compared to RMB11.0 million in the corresponding period in 2013.

Adjusted net income was RMB11.6 million or $1.9 million, compared to RMB12.6 million a year ago.

Net revenues in the second quarter were RMB346.3 million or $55.8 million, a 34.4 percent increase from the previous year.

Separately, the company named Jing An as Chief Financial Officer, effective immediately. An joined ChinaCache as acting CFO and Vice President of Finance in March of 2013.

An has held senior corporate finance and management positions in technology and startup companies for more than 10 years, including Rekoo Media Ltd. from 2010 to 2012, Cooloft Technology Ltd. from 2007 to 2009, and eFriendsNet Entertainment Ltd. from 2003 to 2006.

On Nasdaq, ChinaCache shares lost 4.55 percent in the regular trading on Tuesday and settled at $13.95. In the after hours, shares further lost 0.75 percent.