FocusMedia uses high-definition LCDs as the media platform, strategically placed in high-traffic areas ensuring that advertisements can reach the target market at places uncluttered by other forms of media.


The heart of the rapid transport system, the Light Rail Transit (LRT), is covered by FocusMedia.

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DOW JONES NEWSWIRES

Focus Media Holding Ltd.'s (FMCN) fourth-quarter profit rose 60% as the Chinese digital-advertising company saw stronger LCD display and poster frame network revenue.

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Focus Media 4Q Profit Up 60% On LCD Display, Poster Frame Rev

DOW JONES NEWSWIRES

Focus Media Holding Ltd.'s (FMCN) fourth-quarter profit rose 60% as the Chinese digital-advertising company saw stronger LCD display and poster frame network revenue.

DOW JONES NEWSWIRES

Focus Media Holding Ltd.'s (FMCN) fourth-quarter profit rose 60% as the Chinese digital-advertising company saw stronger LCD display and poster frame network revenue.

Shares rose 4.5% after hours $29.30 after the company beat earnings and revenue expectations. The stock was up 43% so far this year as of Monday's close.

The company has reported quarterly profits for more than a year now, helped by growing revenue and an improving advertising market in China. It has also benefited from restructuring that sloughed off parts of its Internet and billboard businesses in the midst of a six-quarter streak of losses.

The company had in recent months repeatedly denied accusations by short seller Muddy Waters LLC that it fraudulently overstated the number of screens in its LCD network and overpaid for acquisitions to hide losses, calling the allegations incorrect and misleading.

In the wake of the allegations, Focus Media has unveiled a number of measures to prove its confidence in the company's prospects, including a disclosure in November that its top executive would purchase shares in a block trade and unveiling a quarterly dividend in January.

Focus Media posted a profit of $75.4 million, or 55 cents per American depositary share, up from $47.2 million, or 33 cents per ADS, a year earlier. Excluding share-based compensation, write-downs and other special items, earnings rose to 70 cents a share from 41 cents.

Net revenue improved 61% to $256.4 million.

Analysts surveyed by Thomson Reuters had expected earnings of 61 cents a share on revenue of $225 million.

Gross margin widened to 68.4% from 59.2%.

Sales in the LCD display network segment--the company's largest top-line contributor--jumped 48% to $150.5 million. The poster frame network's revenue rose 62% to $70.6 million.

-By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; This e-mail address is being protected from spambots. You need JavaScript enabled to view it