ChinaVision Media Group Limited provided earnings guidance for the six months ended June 30, 2014. For the period, the company expected to record a substantial loss of approximately HKD 97 million to HKD 180 million as compared to a profit of approximately HKD 139 million for the corresponding period in 2013. This loss was expected to be mainly attributable to a substantial drop in revenue (in the range of approximately HKD 120 million to HKD 145 million), which represents a decrease of between 70% to 75% compared to revenue of approximately HKD 482 million recorded for the corresponding period in 2013, because (i) certain motion pictures which were under production in the first half of 2014 will only be available for distribution in the second half of 2014 and (ii) the Board has decided to postpone certain strategic decisions until after the completion, taking consideration of the anticipated change of control of the company at both the shareholder and the Board levels.
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5-day change | 1st Jan Change | ||
0.415 HKD | 0.00% |
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-5.68% | -13.54% |
05-30 | Alibaba Pictures Swings to Profit as Revenue Surges 44% | MT |
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![Consensus](/images/consensus_flch.gif)
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-13.54% | 1.58B | |
+13.91% | 8.18B | |
-17.06% | 5.38B | |
-1.36% | 5B | |
+3.46% | 4.5B | |
+4.14% | 3.99B | |
+3.19% | 3.37B | |
+21.39% | 3.36B | |
-12.09% | 2.76B | |
-24.25% | 2.33B |
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- ChinaVision Media Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2014