LCD network delivers strong sales for Focus Media
Chinese digital out-of-home giant Focus Media Holding beat analysts’ expectations in the first quarter thanks to rocketing ad sales on its LCD screen network.
Revenue from advertising on the LCD screens was up 46 percent compared with the same period a year earlier – recovering better even than Focus’s Internet advertising business, where revenue grew 32 percent.
“We are encouraged by the continued recovery of our operations as we stabilise our core businesses to take advantage of the recovery of the advertising market in China,” said CEO and founder Jason Jiang.
Focus, traded on the U.S. NASDAQ market with the symbol FMCN, recorded a net loss of $1m, compared with $5.7m in the same period last year.
www.focusmedia.cn
Share this article with others
Post to del.icio.us
Printed from http://www.screens.tv/article/111037/LCD_network_delivers_strong_sales_for_Focus_Media.html
Comment on this article
Skip to comments
We encourage users to analyse, comment on and even challenge Screens.tv's articles, including the one above - 'LCD network delivers strong sales for Focus Media'
User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site.
Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site.