China Digital TV Q4 2008 Net Profit Down 5%

China DTV, 3/10/09

Digital television conditional access solutions provider China Digital TV Holding (NYSE: STV) has issued its earnings report for Q4 2008, with net revenues reaching USD 16.8 mln, down 13.8% year-on-year. 2008 full-year net revenues rose to USD 70.3 mln, an increase of 26.8% over the 2007 figure.

Net income for the quarter came to USD 12.2 mln, down 5.2% YoY. Net income for fiscal year 2008 increased 27.3% to USD 43.1 mln.

Revenues for the quarter from smart cards and related products were USD 15.4 mln, a decrease of 13.6% from the corresponding period of 2007 and an increase of 2.1% from the third quarter of 2008. Sales of smart cards and related products accounted for 91.4% of total revenues for the quarter, up from 88.9% in the third quarter of 2008.

The company estimates net revenues for the first quarter of 2009 to be in the range of USD 13.5 mln to USD 14.5 mln.

To view China Digital TV Holding's full earnings report, please click here.

Keywords: China Digital TV Holding conditional access Q4 2008 STV television fiscal report profit revenue smart card

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