"Three Screens" Strategic Layout Preliminarily Completed
Financial Highlights
(RMB '000 unless specified otherwise) | For the year ended 31 December | ||
2012 | 2011 | Change | |
Revenue | 1,642,113 | 1,617,800 | +2% |
Profit from operations | 419,672 | 352,292 | +19% |
Profit attributable to equity shareholders of the Company | 302,591 | 238,945 | +27% |
Basic earnings per share (RMB) | 0.544 | 0.424 | +28% |
Proposed dividends per share (HKD) - Final - Special | 13.5 cents 13.5 cents | 10.6 cents 10.6 cents | +27% +27% |
(20 March 2013 - Hong Kong) - SinoMedia Holding Limited ("SinoMedia" or the "Company", together with its subsidiaries, collectively known as the "Group"; stock code: 623), a leading media corporation in China, is pleased to announce its annual results for the year ended 31 December 2012. With revenue moderately increased as well as cost of services and operating expenses effectively kept under control, profit attributable to equity shareholders of the Company amounted to approximately RMB302.6 million, representing an increase of 27% year-on-year.
2012 was a slow year for domestic advertising industry. Meeting challenges brought about macroeconomic uncertainties and market environment factors, the Group promoted sales by enhancing its sales efforts, offering a diversified media product portfolio, and strengthening regional and industry specific promotional initiatives. As a result, the Group experienced a significant rebound in revenue in the second half of the year under review, and managed to achieve a revenue of approximately RMB1,642 million, up 2% year-on-year.
Commenting on the annual results, Chairman of the Company, Mr. Chen Xin said, "Proactively responded to the challenges posed by China's economic fluctuations and changes in the media advertising industry, the Group achieved steady improvement in the ability of self-construction and brand establishment. While continuing to highlight its notable advantage on managing the resources of its core media, the Group focuses on the development of the integrated brand communication services, and recorded encouraging results. Through investments in an agricultural information portal website,