Tuesday, April 3, 2012

China Internet Cafe Holdings Group Announces Fourth Quarter & Full Year 2011 Financial Results, and Provides Fiscal 2012 Guidance

* FY 2011 Revenue increased 59% to $32.6 million year-over-year; resulting from 6.5% same store sales growth * Net income was $9.5 million for FY 2011, up 65% year-over-year * Added 15 internet cafes in 2011, bringing total to 59 internet cafes * Cash of $19.6 million on December 31, 2011; Cash per common share of approximately $0.93 SHENZHEN, China, April 3, 2012 /PRNewswire/ -- China Internet Cafe Holdings Group, Inc. ("CICC" or the "Company") (OTC Bulletin Board: CICC), one of the largest owners ...continued
 

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