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Zhejiang Daily Media's H1 profit down 8.76%

Aug. 15, 2012 (China Knowledge) - Zhejiang Daily Media Group Co Ltd<600633>, a state-controlled media company based in Zhejiang Province, has announced its net profit attributable to shareholders to decline 8.76% YoY to RMB 111.56 million in the first half of this year.

Basic earnings per share for the period were RMB 0.26, less than RMB 0.44 it realized in the same period of 2011.

In a statement filed with Shanghai Stocked Exchange, the media company saw its operation revenue reached RMB 658.72 million during the six-month period, up 0.2% from a year earlier.

From January to June, the revenue from advertising decreased 9.92% from a year earlier to RMB 340.01 million, while that from distribution rose 7.88% YoY to RMB 199.89 million.

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