18 November 2018

Huayi Brothers 2013 net profit soars to 667 mln yuan, paper says

Huayi Brothers Media Corp. (300027.CN) announced on Wednesday a net profit of 667 million yuan (US$108.9 million) for 2013, marking an increase of 173 percent over the previous year, Securities Times reported Thursday. Revenue rose 45.2 percent to 2.013 billion yuan, it said. During the year, the company rolled out eight movies, reaping total box office sales of around 3 billion yuan, the report said. Income from TV drama series, artist representation and cinema operations saw stable growth, while shareholding interest in Ourpalm Co. Ltd. (300315.CN) also yielded some investment return, according to the report.

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