VisionChina Q3 Profit Up 382%

VisionChina Press Release, 10/30/08

Chinese mass-transit digital advertising operator VisionChina Media (Nasdaq: VISN) has announced its unaudited financial results for Q3 2008, with net revenues reaching USD 35.9 mln, up 285.7% year-on-year and 77%% quarter-on-quarter.

Net income for the quarter came to USD18.1 mln, up 381.5% YoY and 112.8% QoQ.

As of September 30, 2008, VisionChina had installed a total of 62,250 digital displays on buses, subways trains and subway platforms, up 3.5% compared to June 30, 2008.

Average advertising service revenues per broadcasting hour during the quarter were USD 1,116, an increase of 191% YoY and 68.8% QoQ.

VisionChina estimates its advertising service revenues for the fourth quarter of 2008 will range from USD 34.0 mln to USD 36.0 mln.

To see VisionChina Media's full earnings report, please click here.

Keywords: revenue profit Q3 2008 television VisionChina VISN fiscal report in-vehicle display out-of-home display

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