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.
Source:marbridgeconsulting.com
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