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Earnings: XFML Q4 Revenue Doubles; Print And Online Ads Up 35 Percent

Feb 13, 2008 Market Outlook

By Joseph Weisenthal

Chinese media company Xinhua Financial Media Limited (NasdaqGM: XFML - News) reported Q4 revenue of $48.5 million, more than doubling from $34.1 million in the equivalent quarter the year before. Net income grew 34 percent to $4.2 million from $3.1 million. The company said that net income in the quarter was negatively impacted by higher SarbOx compliance costs and auditing fees associated with acquisitions. Total advertising revenue in the quarter was $29 million, up 21 percent from $22.6 million. Within advertising, print and online, which are grouped together, grew 35 percent to $12.8 million. Counted in the broadcast business, mobile revenue was up 59 percent to 5.3 million.

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