China Business News: AirMedia unaudited Q2 net loss reaches US$7 mln

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AirMedia unaudited Q2 net loss reaches US$7 mln

Aug. 19, 2009 (China Knowledge) - AirMedia Group Inc<AMCN>, which offers air travel advertising in China, on Monday announced its unaudited quarterly financial results, which shows the firm recorded US$7 million in net loss in the second quarter of this year, compared with US$7.3 million of net profit the firm made in Q2 2008. AirMedia realized US$29.8 million in total revenues in Q2 2009,

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