Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

XFMedia Q2 Profits Down 66%

XFMedia, 8/19/08

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.

Keywords: profit fiscal report Internet Q2 2008 revenue XFML Xinhua Finance Media

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports