CNinsure Profit Rises

(RTTNews) - CNinsure Inc (CISG) on Wednesday reported second-quarter net earnings to stockholders of RMB 80.1 million or $12.9 million, compared with RMB 55.2 million last year.

On a per American depositary share basis, earnings for the quarter were RMB 1.33 or $0.21, compared with RMB 1.10 a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were higher at RMB 672.1 million or $108.4 million, compared with RMB 508.9 million in the prior year.

For the third quarter, CNinsure expects revenues to grow about 30% year-over-year.

CNinsure operates as an online-to-offline financial services provider in China.