China Mass Media Corp. (CMM) posted fourth-quarter net loss of RMB 18.5 million versus net income of RMB 19 million in the fourth quarter of 2010. Loss per ADS was RMB 7.41 versus earnings per ADS of RMB 7.23 last year.
The company noted that net loss was mainly attributable to a withholding tax expense of RMB 19.1 million incurred in conjunction with the special dividend of RMB 364 million million declared in the fourth quarter of 2011.
Total net revenues declined to RMB 52.2 million from RMB 75.78 million in the prior year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.