China Television Media, Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 16, 2021 at 03:55 am EDT
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China Television Media, Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 778.340 million compared to CNY 855.821 million a year ago. Operating loss was CNY 149.993 million compared to operating Income of CNY 131.522 million a year ago. Net loss was CNY 107.072 million compared to net income of CNY 89.892 million a year ago. Basic loss per share from continuing operations was CNY 0.269 compared to basic earnings per share from continuing operations of CNY 0.226 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.