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Focus Media's profit up 4% in Q3

Nov. 28, 2012 (China Knowledge) - Focus Media Holding Ltd<FMCN>, a leading Chinese digital media group, has posted US$64.6 million-net profit attributable to shareholders for the third quarter of this year, reflecting a YoY increase of 4% from US$62.2 million.

On a non-GAAP basis, the U.S.-listed firm's net profit attributable to shareholders for the reporting period reached US$94.6 million, up 14% YoY from US$82.7 million.

In the three months ended Sep. 30, 2012, the company's diluted earnings per American Depositary Share were US$0.48, 9% more than US$0.44 for the third quarter of last year.

Total revenues for the third quarter of 2012 amounted to US$256.3 million.

Focus Media had US$901.1 million in cash and short-term investments as of Sep. 30, 2012.

For the fourth quarter of this year, Focus Media's non-GAAP net profit is expected to be in the range of US$93 million to US$98 million, and its operating revenue for core business would reach between US$237 million and US$246 million in the same period.

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