VisionChina Media Q4 2008 Net Profit Up 185%

VisionChina Media, 3/03/09

Chinese mass-transit digital advertising operator VisionChina Media (Nasdaq: VISN) has issued its earnings report for Q4 2008, with total revenues reaching USD 34.3 mln, up 185.1% year-on-year. 2008 full-year net revenues rose to USD 104.1 mln, an increase of 254.2% over the 2007 figure.

Net income for the quarter came to USD 14.8 mln up 158.6% YoY. Net income for fiscal year 2008 increased 398.4% to USD 46.8 mln.

Advertising service revenue for the quarter, which accounted for all of total revenues in the quarter, increased 193.1% YoY.

The company estimates Q1 2009 revenues will range from USD 27 mln to USD 30 mln.

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

Keywords: profit Q4 2008 revenue television VisionChina VISN digital media advertising fiscal report in-vehicle display out-of-home display

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