China Digital TV has reported a net revenue of USD 17 million in the third quarter of 2014, as compared to USD 23 million in the third quarter 2013. The company’s gross profit declined by 25% year-on-year to USD 12.8 million in the third quarter 2014.
Revenue from smart cards and other products stood at USD 15.9 million in the third quarter of 2014 as against USD 22.3 million in the same period in 2013. Revenue from services stood at USD 1.2 million in the third quarter of 2014, as compared to USD 1.1 million in the third quarter 2013.
China Digital TV has shipped over 3.35 million smart cards in the third quarter of 2014, compared to 4.76 million in the same period in 2013 and 3.55 million in the third quarter of 2014. In this quarter, the company has won deals – from Shanghai Oriental Cable Network firm to provide cloud service platform; Jishi Media company to provide new broadcast platforms and CANTV to supply 900,000 smart cards.
“During the third quarter of 2014, shipments of approximately 3.35 million smart cards came in slightly below our expectations as digital penetration increased,” said Dr Lu Zengxiang, acting Chief Executive Officer and acting Chief Financial Officer of China Digital TV. “Net revenues were still in line with guidance due to an unexpected delivery of surface mounted chips and system integrations overseas. In the domestic market, steady demand for smart cards was driven by our major customers, including those in Jiangxi, Shandong, Guangdong, Sichuan and Jiangsu provinces.”
No comments:
Post a Comment