Bona Film Group Limited Presents at Barclays Global Technology, Media and Telecommunications Conference, May-23-2013 04:40 PM. Venue: Crowne Plaza Times Square, 1605 Broadway (at 49th Street), New York, New York, United States.

Bona Film Group Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenue of $43,312,805 against $43,679,019 a year ago. Operating income was $658,657 against $3,188,943 a year ago. Income before income tax and equity in earnings of equity method investments, net of tax was $241,778,000 against $2,902,058 a year ago. Net income attributable to the company was $547,646 or $0.01 per basic and diluted share against $2,269,145 or $0.04 per basic and diluted share a year ago. Non-GAAP net income was $1,230,137 against $3,252,425 a year ago. EBITDA, non-GAAP was $3,107,802 against $4,980,132 a year ago. Operating cash flow was approximately $2.5 million against $23.3 million a year ago. For the second quarter of 2013, the company expects non-GAAP net income to be in the range of $1.0 million to $1.5 million. The company currently anticipates non-GAAP net income of $1.0 million to $1.5 million, with financial performance expected to progressively improve over the next several quarters. The company plans to continue construction of two new theaters in the second quarter of 2013 while further developing and improving performance at its existing locations. The company was advancing its distribution and investment & production capabilities through collaborative partnerships with industry leaders such as Fox International Productions, Universal Pictures and Working Title Films, through which the company not only expanding pipeline, but also learning from these cornerstones of the entertainment industry. In addition to these efforts, the company expanding the range of content offerings including TV, where the company has a pipeline of three series that it expects will begin production later 2013, totaling approximately 120 planned episodes.

Bona Film Group Limited, Q1 2013 Earnings Call, May 16, 2013