Earnings: XFMedia Q2 Revs Up 69 Percent; Net Income 22 Percent

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imageChinese advertising and media firm Xinhua Financial Media (NSDQ: XFML) reported Q2 revenue of $48.9 million, up 69 percent over $29 million in the year-ago quarter. Adjusted net income grew to $7.6 million ($.10 per share) from $6.3 million ($.09 per share). The advertising group was up a strong 79 percent to $16.7 million. Print and online, which are grouped together, more than doubled to $12 million. Broadcast revenue nearly doubled to $14 million from $7.2 million a year ago.

Release | Webcast (8:00 PM ET)

Disclaimer: Our former board member Larry Kramer is also on the board of XFML.

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digital bear

What territory is this earned? Have all the issues related to Freddy Bush that were outlined in the WSJ been cleared or is there potential for further inquiries?

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