Nasdaq-listed Sina.com's actual net loss increased ninefold to US$12.1 million for the quarter to March 31, compared with US$1.3 million in the pervious corresponding period.
Excluding non-cash charges for amortisation of intangibles and stock-based deferred compensation and stock accretion after the initial public offering on the Nasdaq market, the pro forma net loss tripled to US$6.7 million during the period, compared with US$2.1 million in the previous corresponding period.
This brought to US$18.2 million the leading Chinese Internet portal's net loss for the nine months to March 31, representing a widening of net loss by 290 per cent.
However, the portal said net revenue surged 247 per cent to US$3.6 million during the period, compared with US$1 million in the previous year. This brought nine-month revenues to US$8.4 million, representing a growth of 216 per cent.
Advertising revenues for the third quarter surged 784 per cent to US$3.1 million, compared with US$300,000 in the previous year.
Pro forma fully diluted net loss per share for the third quarter was 20 US cents, while nine-month net loss per share was 60 US cents.
