Readcrest Capital AG

Earnings Release • Aug 31, 2007

News Details

Ad-hoc | 31 August 2007 09:07

Business Media China AG: Half year results 2007 – strong increase in sales

Business Media China AG / Half Year Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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On the occasion of its Annual General Meeting, Business Media China AG (WKN
525040) reports half-year results 2007 today. The Group has successfully
completed the business expansion phase and can show now for the first time
a substantial increase in revenues. A turnover of EUR 8.0 million, of which
more than two-thirds in the second quarter, has been achieved in the
reporting period. This is already exceeding the total revenue accomplished
in 2006 and represents an increase of 260% compared to the same period last
year. As expected and due to the fact that enormous intermediate
investments have been undertaken in the travel media division, earnings
still remain negative and amounted to EUR -3.9 million (2006: EUR -1.3
million).

Turnover is rapidly increasing from now onwards and should lead to the
first positive quarterly closings in the second half of 2007 - and will
confirm our strategy also in terms of profitability. Total revenue for the
business year 2007 is still expected to reach between 26 and 28 million
Euro.

The full half-year report will be available at www.businessmediachina.com
today, August 31 2007, after the stock market closing.

Additionally, a detailed investor’s handbook will be available on the
company’s website as of today. The document will be regularly updated and
illustrates the strategy, business units and market environment in China to
interested investors.

For further information:

Business Media China
Rotebühlstrasse 87
DE-70178 Stuttgart
invest@businessmediachina.com
+49 711 49 08 900 or +41 79 330 55 22
www.businessmediachina.com

31.08.2007 Financial News transmitted by DGAP

Language: English
Issuer: Business Media China AG
Rotebühlstrasse 87
70178 Stuttgart
Deutschland
Phone: +49 (0)711 490 890 0
Fax: +49 (0)711 490 890 10
E-mail: invest@businessmediachina.com
Internet: www.businessmediachina.com
ISIN: DE0005250401
WKN: 525040
Indices:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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