Pacific Epoch reports:

Shanghai-based real estate services company E-House (China) Holdings Limited (NYSE: EJ) reported second quarter revenues of $43 million, up 79% year-on-year, before market open on Wednesday. Net income was $11.7 million, up 85% from the year-ago period.

Primary real estate agency services brought in $28.3 million of E-House revenue, increasing 38% from a year ago, while real estate consulting and information services increased from $1.2 million in the second quarter of 2007 to $11.2 million.

More from their investor relations page:

Revenues from real estate consulting and information services were $11.2 million for the second quarter of 2008, a substantial increase from $1.2 million for the same quarter in 2007. For the first half of 2008, revenues from real estate consulting and information services were $19.5 million, a substantial increase from $2.6 million for the same period in 2007. The increase was primarily due to substantial consulting revenue derived from strategic arrangements the Company entered into with major developers covering multiple cities and projects as well as an increase in the number of consulting projects completed for other developers.

They have a database, called CRIC, that they fill with all the data they cull from their real estate business. It’s a gold mine of data on the property markets they are active in and is just the sort of real market data that developers need. Smart move to monetize it.

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