News Column

Guangzhou Daily Media H1 Net Down 60%

August 26, 2014

GUANGZHOU, August 26, SinoCast -- Guangdong Guangzhou Daily Media Co., Ltd. (SZSE: 002181) revealed operating revenue of CNY 665 million in the first half of 2014, declining 12.43% from a year earlier. Net profit attributable to shareholders reached CNY 52.5769 million, lessening 59.9%. EPS were CNY 0.076.

The company expected net profit of CNY 92.88 million to CNY 163 million in the January-September period, lowering 30% to 60%, predicting decreasing advertising revenue impacted by macroeconomic situation and new media.

Guangzhou Daily Media has extended reach to interactive entertainment sector, launching online game publication and online lottery platforms in the reporting period.

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

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