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Article: China Mass Media Reports Second Quarter 2009 Unaudited Financial Results.
- Article from:
- PR Newswire
- Article date:
- August 31, 2009
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BEIJING, Aug. 31 /PRNewswire-FirstCall/ -- China Mass Media Corp. ("China Mass Media" or the "Company") , a leading television advertising company in China, today reported its unaudited financial results for the second quarter ended June 30, 2009.
Second Quarter of 2009 Highlights(1)
-- Total net revenues were RMB 77.4 (US$ 11.3 million), an increase of
13.7% from the second quarter of 2008 and a sequential decrease of
48.3% from the first quarter of 2009.
-- Operating loss was RMB 3.1 million (US$ 0.5 million), compared to
operating income of RMB 7.8 million in the second quarter of 2008 and
operating income of RMB 65.0 million ...