Boston, MA 03/13/2014 (wallstreetpr) – Bona Film Group Ltd (ADR) (NASDAQ:BONA) a leading film distributor in china reported its fourth quarter and full year results on February 27 in which revenue were up, coming in at $42.8 million against a low of $53.2 million reported for the same quarter in 2012. The full year saw the company release 14 new films for the domestic market that generated approximately 10% market share in domestic box office receipts.
Fourth quarter financials
Bona Film Group Ltd (ADR) (NASDAQ:BONA) saw its gross profit margin for the quarter surge to a record high of $16.9 million compared to a low of $10.1 million reported for the same quarter in 2012. Gross profit margin on the other hand also increased, coming in at 39.5% against a low of 19% for the fourth quarter of 2012.
The film company net income for the quarter came in at $0.4 million compared to a net loss of $5.4 million registered the prior year same quarter. Non GAAP net income for the quarter on the other hand stood at $1.5 million compared to a net loss of $4.2 million for the same period the prior year.
Full year Financials
Bona Film Group Ltd (ADR) (NASDAQ:BONA) was able to register total net revenues amounting to $149.3 million for the year compared to $142.3 million reported in 2012. Full year gross profit came in at $66.5 million compared to $56.2 million reported in 2012. Gross margin for the year on the other hand came in at 44.5% compared to a low of 39.5% for 2012.
Full year net income stood at $5.7 million compared to a net loss of $1.3 million reported in the full year of 2012, with adjusted EBITDA non GAAP earnings coming in at $20.4 million against a low of $9.1 million for 2012.
Bona Film Group Ltd (ADR) (NASDAQ:BONA) was down by 4.35% on Wednesday trading session closing the day at a low of $7.69
