News Column

Guangdong Advertising H1 Net Up 48.72%

July 28, 2014

GUANGZHOU, July 28, SinoCast -- Guangdong Advertising Co., Ltd. (SZSE: 002400) revealed operating revenue of CNY 2.623 billion in the first half of 2014, rising 11.02% from a year earlier. Net profit attributable to shareholders reached CNY 164 million, hiking 48.72%.

Most revenues come from media agency service, which boosted gross margin from 9.82% of 2012 to 12.88% in 2013. Meanwhile, net profit of CNY 74 million was generated by mergers and acquisitions.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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