The Interim Results (June 2008) went on to show the true worth of the China/SEA section...........along with Croco of course.
Highlights:
Maiden Profit before tax of 355,000 compared to loss of 357,000 for same period last year
Turnover increased by 146% to 5.8million (H1 2007: 2.4 million)
Positive EBITDA of 480,000 compared to a loss of 148,000 for the same period last year
Acquisition of Lushy Assets ('Yunbo'), a mobile service provider in China, adding to Phoenix our existing Chinese operation and consolidating our China media strategy
Launch of first show, Super Soccer Star, in China, co-produced with Guangdong Sports Channel and Chelsea Football Club
Commenting on the first half results, David Wong, Chairman, Galleon Holdings plc, said:
'The first six months of this financial year have been very solid as the Group moves into a profitable phase of growth. This is a huge achievement by the management which has generated a profit in a period when they acquired and then integrated Phoenix and Yunbo in China and South East Asia.
'It is evident that we are steadily executing our business model in the emerging markets,particularly in China. Each of our divisions has continued to gain momentum and this will continue into the second half of the year.We are excited by the opportunities that we see ahead of us.'
Link at bop instead of C&P the whole 'A'
"We have continued to grow our footprint in the region supplying interactive entertainment solutions to several broadcasters in China and Malaysia.
Interactive entertainment revenues for this period was 1.1m compared to nil for the same period last year."
"In addition to entertainment content deals Phoenix continues to provide interactive TV services for broadcasters in China and South East Asia.Recently it signed agreements with Malaysian TV stations, Metropolitan TV Sdn Bhd and CH-9 Media Sdn Bhd,to supply its multiplatform interactive system as part of a multi-year service agreement to provide SMS gateway,interactive advertising and SMS campaign management. Metropolitan TV is Malaysia's third-largest TV channel, targeting the urban and ethnic Chinese audience. CH-9 now ranks second in viewership ratings, and is focused on delivering programming for the mass and ethnic Malay market."
http://moneyam.uk-wire.com/cgi-bin/articles/200806270700116741X.html