PROFIT & REVENUES * China MediaExpress 1Q rise 19 pct, revenue doubles
Fuzhou,Fujian,China -Bloomberg/Business Week (USA) -15 May 2010: -- China MediaExpress Holdings Inc., which operates TV advertising on buses, said Friday that first-quarter earnings rose by 19 percent as revenue more than doubled... The company earned $8.9 million, or 27 cents per share, in the quarter, compared with a profit of $7.5 million, or 36 cents per share, in the same period a year earlier... Excluding a $9.2 million dividend on convertible preferred shares, China MediaExpress earned $18.1 million, or 54 cents per share... Revenue rose to $44.5 million from $18.8 million... The Chinese company also affirmed that it expects to earn, after one-time items, $71 million to $75 million for the year... (Photo from cache4.asset-cache: The King Long Co exported 450 buses to Middle East during the ceremony, which set a new record of bus export for China. King Long Corporation, based in Xiamen of Fujian Province, south China) Labels: profits and revenues
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