Chinese media group Xinhua Finance Media (XFMedia) (Nasdaq: XFML) has announced its unaudited financial results for Q2 2008, with net revenues reaching USD 48.9 mln, up 69% year-on-year, and 33% quarter-on-quarter.
Net income for the quarter came to USD 0.8 mln, down 66% YoY, but up over a loss of USD 8.3 mln in the previous quarter.
Q2 revenue from advertising services was USD 26.8 mln. Revenue from advertising sales was USD 19.1 mln, and revenue from content production was USD 2.9 mln.
The company estimates Q3 2008 revenues will range from USD 52 mln to USD 54 mln.
To see XFMedia's full report, please click here.