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New Media Group's profit down 29.4% in FY end Jun 30

Sep. 27, 2012 (China Knowledge) - New Media Group Holdings Ltd<0708>, a Hong Kong-based investment holding company and engaged in the magazine publishing business, has announced its net profit attributable to shareholders decreased 29.4% YoY to HK$29.65 million in the fiscal year ended Jun 30, 2012.

Basic earnings per share for the period were 3.46 HK cents, less than 6.11 HK cents it realized a year earlier. The company proposed a final dividend of 0.4 HK cents per share.

In the twelve-month period ended Jun 30, 2012, the Hong Kong-listed company saw its turnover hit HK$504.84 million, up 4.98% YoY.

Turnover from its advertising business grew 9% YoY to HK$382.94 million, while that from its circulation business declined 11.38% YoY to HK$108.46 million.

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