Focus Media Q2 2008 Net Profit Down 4%

Focus Media Press Release, 8/17/08

Chinese digital media firm Focus Media (Nasdaq: FMCN) has announced its unaudited financial results for Q2 2008, with total revenues reaching USD 211.7 mln, up 106.8% year-on-year and 31.1% quarter-on-quarter.

Net income for the quarter came to USD 36.1 mln, down 4.2% YoY, but up compared to the previous quarter's loss of USD 53.8 mln.

Q2 revenue from digital out-of-home advertising was USD 135.4 mln, up 76.2% year-on-year and 24.4% quarter-on-quarter. Internet advertising revenue was USD 76.1 mln, up 201.7% year-on-year and 53.6% quarter-on-quarter.

The company estimates Q3 2008 revenues will range from USD 225 mln to USD 235 mln.

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

Keywords: digital media advertising fiscal report digital media FMCN Focus Media profit Q2 2008 revenue television online advertising out-of-home display

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