China Television Media, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 04:49 am EDT
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China Television Media, Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 156.124 million compared to CNY 209.047 million a year ago. Operating loss was CNY 46.487 million compared to operating Income of CNY 52.265 million a year ago. Net loss was CNY 32.839 million compared to net income of CNY 35.785 million a year ago. Basic loss per share from continuing operations was CNY 0.083 compared to basic earnings per share from continuing operations of CNY 0.09 a year ago.
China Television Media, Ltd. is a China-based company principally engaged in the movies and televisions (TVs) businesses. The movies and TV related businesses mainly include the development and operations of movies and TV bases, the producing and publishing of movies and TV dramas, among others. The Company is also involved in the advertising businesses, as well as the movies and TV bases tourism businesses. Besides, the Company is also engaged in the provision of related technology services through its subsidiaries.