2011 News

Charm #1 in Volume of Successful Bids

Monday, 5th December 2011

Charm #1 in Volume of Successful Bids at CCTV Prime-time Auction

BEIJING, November 8, 2011 — Charm Communications Inc. (Nasdaq: CHRM) (”Charm” or the “Company”), a leading advertising agency in China, today announced that for the ninth consecutive year and the tenth time in eleven years, the Company secured the number one position in successful bidding volume at the annual CCTV Prime-time Auction, which was held November 8, 2011.

The CCTV Prime-time Auction is the most important event in China’s advertising industry. The results are considered a barometer for growth prospects in China’s advertising industry and a key indicator of business confidence across the whole economy. This year the total value of auctioned and pre-sold advertising resources for CCTV hit a record high of RMB14.26 billion, an increase of 12.54% compared to last year.

“The result demonstrates the strong confidence Chinese companies have in the domestic economy as well as their continued recognition of CCTV’s value in building brands targeting China’s fast growing consumer market,” commented He Dang, founder, chairman and CEO of Charm. “Our success further solidifies Charm’s leading position in the Chinese advertising market, where we are leveraging our expertise in television to expand our integrated advertising capabilities into digital offerings such as search and online video. We are confident that more and more companies will appreciate our full-service integrated capabilities to both build strong brands and provide more targeted marketing services, thereby offering the best return on their investment.”

About Charm
Charm Communications Inc. (NASDAQ: CHRM) is a leading advertising agency in China. Charm operates its business under four brands: Charm Advertising, Charm Interactive, Charm Click and Shangxing Media. Under the Charm Advertising and Charm Interactive brands, Charm offers integrated advertising agency services from planning and managing advertising campaigns to creating and placing advertisements, and under Charm Click, Charm offers specialized search engine marketing services. Under the Shangxing Media brand, Charm has established a portfolio of television advertising media resources through its exclusive arrangements with premium national television channels, which include not only advertising time but also opportunities for placing branded content. Charm’s clients include well-recognized brand names in China across many industries, as well as emerging domestic leading brands. In January 2010, Charm formed a consolidated joint venture with international 4A advertising group Aegis Media, its strategic investor, to operate its brand “Vizeum” in China. In October 2010, Charm also entered into agreement to establish a joint venture with Wasu Digital Group to operate all advertising-related businesses across Wasu’s IPTV, 3G mobile TV and broadband TV network platforms. For more information please go to http://ir.charmgroup.cn.


Tat Hong Records 78% Increase In 2QFY2012

Monday, 21st November 2011

Tat Hong Records 78% Increase In 2QFY2012 Net Profit To S$12.6 Million

SINGAPORE – 9 November 2011 – Tat Hong Holdings Ltd (“Tat Hong” or “the Group”), Asia’s largest crane company and the world’s top crane company (in terms of number of crawler cranes)1, today reported a net profit after tax and minority interest of S$12.6 million on the back of revenue totalling S$183.3 million for the second quarter ended 30 September 2011 (“2QFY2012”).

Revenue growth was seen across all business divisions, resulting in an overall increase of 26% in gross profit from S$53.9 million to S$67.9 million in the latest quarter. Gross profit margin remained at a respectable 37.1%.

On a quarter-on-quarter comparison, the Group’s total operating expenses increased by approximately 9% in 2QFY2012 to S$45.3 million. This was mainly due to increased staff costs and costs in the upkeep of machinery as a result of a higher level of rental activities. The quarter under review also saw a lower write-back of doubtful debt allowance compared to the previous corresponding quarter. Net foreign exchange loss in 2QFY2012 was significantly lower at S$0.3 million as compared with S$1.7 million in the previous corresponding quarter.

The Group’s earnings per share on a fully diluted basis was 2.22 cents for 2QFY2012 against 1.24 cents for the previous corresponding quarter. Net asset value per ordinary share as at 30 September 2011 was S$0.94.

Tat Hong has proposed an interim dividend of one Singapore cent per ordinary and convertible redeemable preference share, to be payable on 2 December 2011.

Link to the press release

Link to financial statement

Link to presentation


Bharti Infratel bags GSMA award

Thursday, 17th February 2011

17th February 2011 – Bharti group companies Bharti Infratel and Airtel Africa have won GSMA award at World Mobile Congress in Barcelona.

Telecom passive infrastructure provider Bharti Infratel has won Green Mobile Award for its P7 GreenTowers project. The initiative is energy management programme and is a combination of seven energy efficiency sub-projects.

It aims at reducing dependence on conventional sources of energy by adopting cleaner technologies for power generation and energy efficiency to mitigate green house gas emissions, while providing connectivity uptime service to telecom operators’ tower sites.

“It is a matter of great pride for us to be recognised for our efforts in adopting cleaner technologies and increasing efficiency for our tower operations. This award is testimony to our focus on innovation, uncompromising standards and business excellence,” said Devender Singh Rawat, chief executive officer, Bharti Infratel.

Another award that came in to Bharti’s account was for Airtel card. This virtual card was launched by the company for Airtel Africa subscribers in association with Standard Chartered and MasterCard. The card allows Airtel Africa customers to make online purchases from MasterCard merchants. Airtel card won GSMA award for Best Mobile Money Product or Solution in Best Mobile Business and Enterprise category of the award.