Sky-mobi Q4 Profit Up

(RTTNews) - Sky-mobi Ltd. (MOBI), a mobile application store in China, Tuesday reported fourth-quarter net profit of RMB4.6 million or $0.7 million compared with RMB4.8 million, a year ago. On a non-IFRS basis, net profit increased 11 percent quarter-over-quarter to RMB8.9 million or $1.4 million.

Quarterly earnings per common share stood at RMB0.02, while non-IFRS earnings per share were RMB0.04, that represents the equivalent of RMB0.30 or $0.05 per ADS.

Total revenues rose 11.6 percent to RMB128.6 million or $20.7 million from RMB115.2 million in the prior-year quarter.

Looking ahead, for the first quarter of 2015, the company projects total revenues to be in the range of RMB135 million to RMB145 million.