Fast Growth for Chinese MR Buyer

Chinese financial information and media company Xinhua Finance has announced rapid growth, in its first results since buying into the MR sector two months ago with the purchase of Shanghai Hyperlink Market Research.

Under IFRS standards, revenue was US$75.0m, up 61.4%, EBITDA up 78.1% to US$11.3 million and net income up 134.7% to US$4.9 million for the first half of 2006. Fully diluted earnings-per-share (EPS) reached US$5.63, up from US$3.26 for the first half of 2005.

Xinhua bought Shanghai Hyperlink in mid-June ( www.mrweb.com/drno/news5616.htm ) as part of a strategy to grow its media distribution business. Xinhua says the leading Chinese MR firm 'provides relevant market statistics to increase the effectiveness of clients' advertising strategies and to determine the best way to repackage and leverage Xinhua Finance's content across various channels.'

Xinhua Finance CEO Fredy Bush said the firm's recent acquisitions, which also include consulting and advertising businesses, were shown to be increasing shareholder value and contributing to strong, profitable growth: 'Our four core service lines are growing across the board as we continue to bridge China's financial markets and the world'.

Details are on the firm's web site at www.xinhuafinance.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.