ChinaVision Media Group Limited announced that based on its preliminary review of the relevant unaudited consolidated management accounts of the company for the six months ended June 30, 2012, it is expected to record a profit for the six months ended June 30, 2012 as compared with a loss for the corresponding period in 2011, primarily attributable to significant improvement in the financial performance of the company's media related businesses resulted from, in particular, the substantial increase in the turnover and gross profit from the television and film business and gain from the disposal of an associate and an intangible asset; coupled with the reduction in certain non-cash expenses, including the amortization of intangible assets, the share options expenses and the unrealized loss on change in fair value of financial assets held for trading, which arise as a result of accounting treatment under the provisions of the applicable accounting standards.