News Column

Songcheng Performance H1 Net Up Nearly 30%

July 29, 2014

HANGZHOU, July 29, SinoCast -- Songcheng Performance Development Co., Ltd. (SZSE: 300144) revealed operating revenue of CNY 390 million in the first half of 2014, rising 48.41% from a year earlier. Net profit attributable to shareholders reached CNY 170 million, hiking 28.70%. Basic EPS were CNY 0.31.

The company planned to form a JV with Seven String and two natural persons, spending CNY 30 million, upon completion, to hold a 60% stake in the JV as controlling shareholder.

The JV will consolidate scenic spots, talents and editing and acting resources of Songcheng Performance for production of variety shows.

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Source: Sinocast Investing & Securities Beat (China)

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