PEKING (dpa-AFX) - China Digital TV Holding Co., Ltd. (STV) reported second-quarter net income attributable to the company of $7.1 million or $0.12 per share, down from $11.3 million or $0.19 per share in the comparable quarter last year.
Excluding items, non-GAAP net income for the quarter was $8.0 million, compared to $12.6 million last year.
Total revenues for the latest quarter declined 5 percent to $23.8 million from $25.1 million last year.
The company attributed the year-over-year decrease in net revenues to a decrease in the shipment volume of smart cards.
Looking forward to the third quarter, the company expects revenue to be in the range of $20.6 million-$22.1 million.
Copyright RTT News/dpa-AFX