Dahe Media Co. Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months, the company reported that profit and other comprehensive income attributable to owners of the company was RMB 14.172 million, or 1.71 cents per basic and diluted share, compared to RMB 10.485 million, or 1.26 cents per basic and diluted share, for the same period last year. Turnover was RMB 230.344 million, compared to RMB 268.198 million for the same period last year. Profit before income tax was RMB 16.835 million, compared to RMB 18.089 million for the same period last year. The decrease in turnover was primarily attributable to the fact that on 13 October 2014, the Group disposed 55% equity interest of Sichuan Xintianjie Media Technology Development Co. Ltd., a subsidiary of the Group, which resulted in the decrease in part of turnover, meanwhile, the profit increased as a result of the continuous improvement of the Group's management system and the decrease of management fee.