PEKING (dpa-AFX) - China Digital TV Holding Co., Ltd. (STV) reported that its third-quarter net income attributable to the company was US$10.3 million, an increase of 1.8% from the same period in 2010. On a per share basis, net income was $0.17, flat with last year.
Non-GAAP net incomeattributable to China Digital TV Holding Co., Ltd was US$12.2 million, an increase of 18.2% from the same period in 2010.
Net revenues were US$25.9 million, an increase of 22.5% from the third quarter of 2010. The year-over-year increase in net revenues was primarily due to an increase in smart card sales.
Net revenues for the fourth quarter of 2011 are expected to be between US$25.7 million and US$26.6 million.
Copyright RTT News/dpa-AFX