Media Chinese International Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2017
August 29, 2017 at 04:55 am EDT
Media Chinese International Limited reported unaudited consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported turnover of USD 73,768,000 against USD 82,786,000 a year ago. Operating profit was USD 4,478,000 against USD 8,604,000 a year ago. Profit before income tax was USD 3,886,000 against USD 7,439,000 a year ago. Profit for the quarter was USD 2,080,000 against USD 4,867,000 a year ago. Profit attributable to owners of the company was USD 2,348,000 against USD 5,024,000 a year ago. Basic and diluted earnings per share were 0.14 cents against 0.30 cents a year ago. Net cash generated from operating activities was USD 12,209,000 against USD 12,855,000 a year ago. Purchases of property, plant and equipment was USD 109,000 against USD 478,000 a year ago. Purchases of intangible assets was USD 69,000 against USD 264,000 a year ago. EBITDA for the quarter was down by 40.0% year-on-year, from USD 10,442,000 to USD 6,262,000. The decrease would have been about 34.8% if currency impact was excluded.