Note 32 - Earnings (Loss) per share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Text Block]

32.   Earnings per share

Basic and diluted earnings per share for each of the periods presented are calculated as follows:

	Six months ended				Three months ended
	June 30,				June 30,
	2011		2010		2011		2010
	US$(’000)		US$(’000)		US$(’000)		US$(’000)
	(Unaudited)				(Unaudited)
	(Amount in thousands except for the number of shares and per share data)				(Amount in thousands except for the number of shares and per share data)
Net income attributable to ChinaNet Online Holdings, Inc. (numerator for diluted earnings per share)	$	5,806	$	8,008	$	2,994	$	4,213
Less: Dividend for Series A convertible preferred stock		322		422		153		193
Net income attributable to common shareholders of ChinaNet Online Holdings, Inc. (numerator for basic earnings per share)		5,484		7,586		2,841		4,020
Weighted average number of common shares outstanding - Basic		17,387,336		16,542,966		17,528,785		16,848,023
Effect of diluted securities:
Series A Convertible preferred stock		2,592,584		3,406,954		2,451,135		3,101,897
Warrants		430,804		950,454		26,042		792,897
Weighted average number of common shares outstanding -Diluted		20,410,724		20,900,374		20,005,962		20,742,817
Earnings per share-Basic	$	0.32	$	0.46	$	0.16	$	0.24
Earnings per share-Diluted	$	0.28	$	0.38	$	0.15	$	0.20

All share and per share data have been retroactively adjusted to reflect the reverse acquisition on June 26, 2009 whereby the 13,790,800 shares of common stock issued by the Company (nominal acquirer) to the shareholders of China Net BVI (nominal acquiree) are deemed to be the number of shares outstanding for the period prior to the reverse acquisition.  For the period after the reverse acquisition, the number of shares considered to be outstanding is the actual number of shares outstanding during that period.