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Focus Media Net Profit Down 2.95% in 2018

March 15, 2019
ChinaTechNews.com Staff

Focus Media previously published its performance brief, stating that the company's operating revenue for 2018 was CNY14.551 billion, a year-on-year increase of 21.12%; while its net profit was CNY5.828 billion, a year-on-year decrease of 2.95%.

During the year of 2018, Focus Media realized operating profit of CNY6.971 billion, a decrease of 3.77% compared with the same period of previous year; its total profit reached CNY6.959 billion, a year-on-year decrease of 3.77%; and its net profit attributable to shareholders was CNY5.828 billion, a year-on-year decrease of 2.95%.

Meanwhile, its basic earnings per share were CNY0.4, a decrease of 2.44% from CNY0.41 per share in 2017. Its return on equity was 46.61%, a decrease of 21.04% compared with the previous year.

By the end of the reporting period, Focus Media's total assets reached CNY19.203 billion, a year-on-year increase of 23.45%; its owners' equity attributable to shareholders was CNY14.208 billion, a year-on-year increase of 36.97%; and its net assets per share attributable to shareholders were CNY0.97, a year-on-year increase of 36.62%.

Related Topics: Focus Media | profit

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