Note 28 - Earnings per share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Text Block]

28.   (Loss)/earnings per share

Basic and diluted (loss)/earnings per share for each of the periods presented are calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of US dollars):

	Three Month Ended March 31,
	2012			2011
	US$(’000)			US$(’000)
	(Unaudited)			(Unaudited)
Net (loss)/income attributable to ChinaNet Online Holdings, Inc.	$	(366	)	$	2,812
Dividend for Series A convertible preferred stock		-			(169	)
Net (loss)/income attributable to common shareholders of ChinaNet Online Holdings, Inc. (numerator for basic earnings per share)		(366	)		2,643
Dividend for Series A convertible preferred stock		-			169
Net (loss)/income attributable to common shareholders of ChinaNet Online Holdings, Inc. (numerator for diluted earnings per share)		(366	)		2,812
Weighted average number of common shares outstanding - Basic		22,182,584			17,244,315
Effect of diluted securities:
Series A Convertible preferred stock		-			2,735,605
Warrants and options		-			840,062
Weighted average number of common shares outstanding -Diluted		22,182,584			20,819,982
(Loss)/earnings per share-Basic	$	(0.02	)	$	0.15
(Loss)/earnings per share-Diluted	$	(0.02	)	$	0.14