Huayi Brothers Q1-Q3 Net Profit Up 20.3%

Date:2011-10-21houhaizhen  Text Size:

October 21 -- Huayi Brothers Media Corporation (300027.SZ) recorded a 20.32 percent year-on-year increase in net profit attributable to shareholders to 102 million yuan for the first three quarters, with earnings per share of 0.17 yuan, reports China Securities Journal, citing a company filing.

Revenue from movies, TV serials, artist brokerage services hit 182.28 million yuan, 126.62 million yuan, and 113.97 million yuan during the first three quarters.

Revenue from the music, cinema, and game businesses increased 457.15 percent year-on-year to 61.77 million yuan during the first three quarters.

Inventory through the end of the third quarter increased 99.78 percent from the beginning of the year to 452.07 million yuan due to the production of a greater number of movies and TV serials.

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