People.cn's net income surges

People.cn Co, the website of the People's Daily, the Chinese Communist Party's official newspaper, more than doubled its net income in the first half, boosted by sales of its mobile and technology services.

The company's net income rose to 67.6 million yuan ($10.68 million) in the first half, a year-on-year increase of about 120 percent, according to its financial report.

Revenue rose 38.1 percent to 291.6 million yuan during the period, boosted by sales of the mobile and technology services, both of which registered an 80 percent increase.

The company was the first State-owned news portal to go public. It is listed on the Shanghai Stock Exchange.

chenlimin@chinadaily.com.cn