PEER 1 Network Enterprises, operating as PEER 1 Hosting, a leading provider of online IT infrastructure, has announced its results for the three and six months ended December 31, 2011. 

Selected financial highlights comparing the quarters ended December 31, 2011 and 2010: Revenue increased 20.56% to US$33.62 million from US$27.89 million; Gross profit increased 23.37% to US$13.48 million from US$10.90 million; Operating profit decreased 38.23% to US$0.53 million from US$0.86 million and  Net loss was US$0.25 million compared to net income of US$0.74 million. 

Source: CNW

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