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xinhua news media holdings l (309) Details

Xinhua News Media Holdings Limited, an investment holding company, provides cleaning and related services in Hong Kong and Mainland China. The company operates through Cleaning and Related Services, Medical Waste Treatment, Television Screen Broadcast, and Waste Treatment segments. It offers a range of environmental services, including collection and disposal of domestic, industrial, and construction wastes; and gully, grease trap, cesspool, and drainage disludging and clearance services for shopping malls and arcades, public transport facilities, airline catering companies, laundry workshops, public leisure venues, schools, hospitals, serviced apartments and markets, as well as for commercial, industrial, and residential buildings. The company also provides organic liquid fertilizers and organic solid pellets under the Fertilife name; and pest control, external wall cleaning and repair, and stone maintenance and restoration services, as well as builds and operates municipal solid waste treatment projects and medical waste treatment centers. In addition, it offers non-incineration medical waste handling services for hospitals. Further, Xinhua News Media Holdings Limited is engaged in the business of advertisement and information broadcasting on installed outdoor/indoor television screens, as well as provides content for mobile screens featured in public transportation facilities. The company was formerly known as Lo’s Enviro-Pro Holdings Limited and changed its name to Xinhua News Media Holdings Limited on May 2011. Xinhua News Media Holdings Limited was founded in 1975 and is headquartered in Wan Chai, Hong Kong.

1,605 Employees
Last Reported Date: 11/28/14
Founded in 1975

xinhua news media holdings l (309) Top Compensated Officers

Co-Founder, Co-Chairman and Managing Director
Total Annual Compensation: $895.0K
Co-Chairman, Chairman of Executive Committee ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: $1.4M
Executive Director, Member of Executive Commi...
Total Annual Compensation: $806.0K
Executive Director and Chairman of Strategy &...
Total Annual Compensation: $152.0K
Compensation as of Fiscal Year 2014.

xinhua news media holdings l (309) Key Developments

Xinhua News Media Holdings Limited Reports Unaudited Consolidated Cash Flow Results for the Six Months Ended September 30, 2014

Xinhua News Media Holdings Limited reported unaudited consolidated cash flow results for the six months ended September 30, 2014. For the period, the company has posted net cash used in operating activities of HKD 1,855,000 against HKD 6,296,000 a year ago.

Xinhua News Media Holdings Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014

Xinhua News Media Holdings Limited reported unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported revenue of HKD 137,084,000 compared to HKD 106,112,000 for the same period a year ago. Loss before tax from continuing operations was HKD 202,000 compared to HKD 5,782,000 for the same period a year ago. Loss for the period from continuing operations was HKD 416,000 or HKD 0.0004 per diluted share compared to HKD 5,782,000 or HKD 0.0049 per diluted share for the same period a year ago. Loss attributable to owners of the company was of HKD 535,000 or HKD 0.0004 per diluted share compared to HKD 18,501,000 or HKD 0.0142 per diluted share for the same period a year ago.

Xinhua News Media Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended September 30, 2014

Xinhua News Media Holdings Limited provided earnings guidance for the six months ended September 30, 2014. After a preliminary review of the consolidated management accounts of the Group, the board of Directors expects that the Group might record an unaudited consolidated net loss of approximately HKD 400,000 for the six months ended September 30, 2014. However, the profit and loss condition of the Group has improved for the period when compared to the net loss of HKD 18,983,000 from the previous corresponding period in 2013. The group expects to record an improvement in profit and loss condition of the Group, such improvement in the profit and loss condition of the Group is mainly attributable to the following reasons: the absence of the non-recurring write off of certain intangible assets, which incurred in the previous corresponding period in 2013 as disclosed in the announcement of the Company dated June 25, 2014; the company recognized additional revenue from the first installment of the consideration under the advertisement agreement with Xiangxing (Fujian) Bag & Luggage Group Company Limited pursuant to the advertisement agreement as disclosed in the announcement of the company dated June 4, 2014.

 

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