A8 Music reports profit growth Notice

This business news is provided by Star East Technology Ltd



The whole IT industry are busy laying out the upcoming mobile Internet era, , the A8 media Music Holdings Limited (00800. HK under the "A8 Music") which was just listed in Hong Kong on June 12, has firstly been profitable from the industry integrated chain.
Yesterday, A8 music notice issued by the profit growth, said the company as at June 30, 2008 the six-month profits will be substantially year-on-year growth, and growth performance is the main reason: the new media (Internet and mobile phones) and traditional media ( TV and radio), and other sales channels for an effective integration, significantly enhance the company's revenue base.
2007 A8 music revenues reached 286 million yuan, gross profit of 129 million yuan, operating profit of 60.48 million yuan.
"China's large-screen of 3 G has just started, the craze of mobile Internet has not really come, A8 is the first to do something in industry chain integration in music industry." A8 CEO Liu Xiaosong told "First Financial Daily" in a telephone interview that the Music CD era has passed, the late CD era has arrived. There are many new features of the late CD era, for example, the spread of new media including the Internet and mobile phones has become increasingly powerful. Therefore, A8 must cooperate with these new media to maintain the rapid growth.