Charm Communications Posts Q4 Loss

By RTT News,  March 18, 2013, 04:48:00 PM EDT


(RTTNews.com) - Chinese advertising agency Charm Communications Inc.( CHRM ), Monday reported fourth-quarter fourth-quarter net loss of $5.1 million or $0.13 per share, compared to net income of $14.8 million or $0.36 per share last year.

Adjusted net loss for the quarter was $3.8 million compared to $17.1 million last year.

Total revenues for the quarter plunged to $47.1 million from $80.3 million last year.

Looking forward to the first quarter, the company expects adjusted net loss of $1.25 million to $0.75 million.

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This article appears in: News Headlines

Referenced Stocks: CHRM



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