Hong Kong – ChinaVision Media Group Limited (ChinaVision) has announced its interim results for the six-month period ending June 30, 2012. Turnover amounted to HK$523,163,000 in the first half of 2012, mainly attributable to promising income and profit contribution from the television drama business and satisfactory growth in mobile TV business. In comparison, turnover for the same period in 2011 was HK$97,012,000.
Another factor for the growth is the greater synergy among all the company’s businesses after the merger with China Entertainment Media Group Limited (CEMG).
The group completed the acquisition of the entire issued share capital of CEMG on 31 January 2012. CEMG is a fast-growing media entertainment company principally engaged in the business of movies, television drama series and television advertising.