China Mass Media Announced Q2 Results

China Mass Media Corp. CMM today announced its unaudited financial results for the second quarter ended June 30, 2010. Second Quarter 2010 Highlights(1): -- Total net revenues were RMB56.9 million (US$8.4 million), a decrease of 11.0% from the second quarter of 2009, and an increase of 1.6% from the first quarter of 2010. -- Operating income was RMB8.1 million (US$1.2 million), compared to an operating loss of RMB14.6 million in the second quarter of 2009 and operating income of RMB13.9 million in the first quarter of 2010. -- Net income was RMB4.3 million (US$0.6 million), a decrease of 57.0% from the first quarter of 2010, compared to a net loss of RMB9.2 million in the second quarter of 2009. -- Net cash inflows from operating activities was RMB41.2 million (US$6.1 million), compared to net cash outflows from operating activities of RMB13.5 million in the second quarter of 2009 and net cash inflows from operating activities of RMB40.3 million in the first quarter of 2010.