TVZone Media Co., Ltd. Provides Earnings Guidance for the Fiscal Year of 2018
January 24, 2019
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TVZone Media Co., Ltd. provides earnings guidance for the fiscal year of 2018. For the period, the company predicts a decrease of between RMB 33 million and RMB 38 million in its net profit owned by shareholders of the listed company in 2018 compared with the same period of the year before, with a year-on-year decrease of between 52% and 60%. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss in 2018 will decrease by between RMB 27 million and RMB 32 million compared with the same period of the year before, with a year-on-year decrease of between 57% and 68%.
TVZone Media Co., Ltd. is a China-based company which is mainly engaged in the production and distribution of television and video programs. The Company mainly has two business segments: Video Programs and Related Services Business segment and Teleplay Broadcast Operation Business segment. The Video Programs and Related Services Business segment is mainly engaged in the production and distribution of television, internet and mobile internet video contents and others, such as variety shows, documentary story programs, column dramas and others. The Teleplay Broadcast Operation Business segment is mainly engaged in purchase teleplays for local channels, and provides choreography services, promo production, publicity and planning services.