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Article: XSEL Announces Financial Results for the Third Quarter 2009.

Article from:
PR Newswire
Article date:
November 11, 2009
Copyright

BEIJING, Nov. 11 /PRNewswire-Asia-FirstCall/ -- Xinhua Sports & Entertainment Limited (the "Company" or "XSEL") , a leading sports and entertainment group in China, today announced its unaudited financial results for the third quarter ended September 30, 2009. 

 
  Third Quarter 2009 Highlights 
  -- Net revenue was $39.6 million 
  -- Adjusted EBITDA (non-GAAP) was $4.6 million 
  -- Adjusted net income (non-GAAP) was $3.4 million 
  -- Adjusted net income per ADS (non-GAAP) was $0.04 
  -- Net loss attributable to XSEL (GAAP) was $10.6 million 
  -- Net loss per ADS (GAAP) was $0.14

Ms. Fredy Bush, XSEL's CEO said, "Since late 2008, we have been taking ... 







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