Air US media net loss in first quarter 3.6 million USD narrowed

Sina Science and technology news Beijing time of May 14, air US media (NASDAQ:AMCN) today released the first quarter of the fiscal year 2013 as at March 31 and the whole year without audit earnings. The report shows that the U.S. media in the first quarter of the total revenue of 64.5 million U.S. dollars, the same period last year, 84.2 million U.S. dollars down 23.3%, compared with the last quarter of the 67.5 million dollar decline of 4.4%, to the U.S. media shareholder net loss of 3.6 million dollars, The net loss to US media shareholders in the same period last year was $7.3 million, with a net profit of $3.4 million attributable to media shareholders in the US in the previous quarter. Main results in the first quarter:-Airlines U.S. media in the first quarter of the total revenue of 64.5 million U.S. dollars, compared with the same period last year, 84.2 million U.S. dollars down 23.3%, compared to the last quarter of 67.5 million U.S. dollar decline 4.4%. The year-on-year decline in total media revenues was partly due to Chinese authorities replacing Beijing's value-added tax with a regular sales tax, while Beijing was one of the main operating areas of the US media;-The first quarter net revenue of the US media was $63.6 million, down 3.8% from a year earlier, down 23% from the previous quarter. -The net loss for the first quarter attributable to media shareholders in the US was USD 3.6 million, with a net loss of $7.3 million for the media shareholders of the airline in the same period last year, and a net profit of USD 3.4 million for the media shareholders in the last quarter. Air US media in the first quarter of the United States depository receipts of the basic and diluted losses are 0.06 U.S. dollars, during the same period of last year, the basic and diluted losses for each share of US depository receipts were $0.12, and the basic and diluted earnings of US depository receipts in the previous quarter were $0.05;-excluding equity incentive expenses, Acquisition of intangible assets amortization expenditure, goodwill impairment expenditure and intangible asset impairment expenditure, the U.S. media in the first quarter adjusted net loss (not in accordance with the United States General Accounting Standards) for 3.1 million U.S. dollars. Air US media in the first quarter after the adjustment of the United States Depository Receipts basic and diluted losses (not in accordance with the United States General accounting standards) are 0.05 U.S. dollars. Financial Analysis: The U.S. media in the first quarter of the total revenue of 64.5 million U.S. dollars, compared with the same period last year, 84.2 million U.S. dollars slipped 23.3%, compared to the last quarter of 67.5 million U.S. dollar decline 4.4%. U.S. media revenues fell year-on-year, partly because the Chinese authorities replaced Beijing's value-added tax with a regular sales tax, while Beijing was one of the main operating areas of the US media. US media net revenue for the first quarter was $63.6 million, down 3.8% from a year earlier, down 23% from the previous quarter. The U.S. media's first-quarter revenue from the airport's digital TV screens was $2.8 million, down 26.9% from a year earlier, down 49.1% from the previous quarter. Air U.S. media Airport digital TV screen revenue growth year-on-year, mainly because the company continued to pay efforts in sales. Air US media Airport digital TV screen revenue of the chain decline, mainly due to the first quarter is a weak seasonal performance quarter. The first quarter of the U.S. media from the digital TV screen on the computer revenue of 3.8 million U.S. dollars,Fell 24.5% from a year earlier, down 51.9% from the previous quarter. The year-on-year decline in digital TV screen revenues in the US media has led to a decline in the number of digital TV screens from China International Airlines, mainly because of the choice by the US media not to renew the concession contract with China International Airlines. The month-on-month decline in digital TV screen revenues in the US media was mainly due to a quarterly weakness in the first quarter, and the US media opted not to renew the concession contract with China International Airlines, which led to a drop in revenues from the digital TV screens of China International Airlines aircraft. The U.S. media revenue from the airport digital framework in the first quarter was $33.5 million, up 5% from a year earlier, down 17.8% from the previous quarter. Air U.S. media Airport digital frame revenue year-on-year decline, mainly due to the rapid growth of large-scale LED display product categories of revenue growth. Air US media Airport digital framework revenue chain decline, mainly due to the first quarter is a weak seasonal performance quarter. In the first quarter, the U.S. media revenue from the airport's traditional media was 18.9 million U.S. dollars, down 13.2% from a year earlier, down 9% from the previous quarter. In the first quarter, the U.S. media revenue from the gas station Media network was 2.8 million dollars, down 15.2% from a year earlier, down 41.4% from the previous quarter. The U.S. media's revenue from other media in the first quarter was $1.2 million, down 37.3% from a year earlier, down 50.8% from the previous quarter. The U.S. media's first-quarter revenue cost was $60.1 million, down 4.3% from $62.8 million a year earlier, down 8.1% from the previous quarter's 65.4 million dollar. The US media's gross profit for the first quarter was $3.5 million, down 5.2% from a year earlier, down 79.8% from the previous quarter. The U.S. media's total operating expenses for the first quarter were $9.1 million trillion, down 10.9% from 10.2 million a year earlier, down 15.1% from the same period last year. The first quarter of the U.S. media operating loss of 5.6 million U.S. dollars, the same period last year operating losses of 6.9 million U.S. dollars, the previous quarter operating profit of 6.5 million U.S. dollars. In the first quarter, the net loss of the media shareholders was $3.6 million, and the net loss to the media shareholders in the same period last year was $7.3 million, and the net profit of the media shareholders in the last quarter was $3.4 million. Air US media in the first quarter of the United States depository receipts of the basic and diluted losses are 0.06 U.S. dollars, during the same period last year, the basic and diluted losses of the United States depository receipts were 0.12 U.S. dollars, the first quarter of the United States depository receipts in the basic and diluted income of 0.05 U.S. dollars is not included in the equity incentive expenditure, acquisition of intangible assets amortization expenditure, Goodwill impairment expenditure and intangible asset impairment expenditure, the U.S. media in the first quarter after the net loss (not in accordance with the United States General Accounting Standards) for 3.1 million U.S. dollars. Air US media in the first quarter after the adjustment of the United States depositary vouchers basic and diluted losses (not in accordance with the United States generalAccounting standards) are 0.05 United States dollars. As of March 31, 2013, the U.S. media holdings in cash, restricted cash and short-term investment amounted to USD 121 million, lower than the amount of USD 126.3 million as at March 31, 2012. The decline in the amount of cash, restricted cash and short-term investments held by the US media was mainly due to negative growth in cash flows from business operations. As of May 12, 2013, the U.S. media in the open market repo 5676385 shares of US depository receipts, the total price of 15.9 million U.S. dollars. Performance Outlook: The U.S. media forecasts the first quarter of fiscal year 2013 net revenue of 63 million U.S. dollars to 65 million U.S. dollars, down 4.6% to 7.5%, down from the previous quarter 0.7% to 2.4%. Air U.S. media estimates that the first quarter airport franchise fees will be about 46 million U.S. dollars. This projection reflects the current and preliminary views of the media in the United States and may be adjusted in the future. Conference Call: Air US media management will be in the U.S. Eastern Time May 13 20:00 (Beijing time May 14 8:00) to hold a financial conference call, the conference call access mode is as follows: United States: +1 866 519 4004 UK: 08082346646 Hong Kong: +852 800 930 346 International Other regions: +1 718 354 1231 Password: AMCN from the United States East time May 13 23:00 to May 20 23:59, the United States media will be through the following telephone conference call to record: The U.S.: +1 855 452 5696 International Other regions: +1 646 254 3697 Password: 68638854 Air U.S. media will be through the company's website of the Investor Relations page to provide teleconferencing online live and audio recordings, the website is: http://ir.airmedia.net.cn. (Tangfeng)