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mnc media investment ltd-adr (LIR) Snapshot

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52 Week High
10/6/14 - €2.07
52 Week Low
03/10/14 - €0.43
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mnc media investment ltd-adr (LIR) Details

MNC Media Investment Ltd. provides entertainment-oriented telecom value-added services (VAS) and content to traditional and new media consumers and enterprises in Mainland China, Indonesia, Malaysia, Hong Kong, and Singapore. It operates in four segments: China VAS, Mobile Game, & PC Game, Indonesia Digital Media, Media Content, and Investment. The company focuses on media, entertainment, communication, and edutainment products. It offers VAS, mobile games, and PC game services, including data-related services, such as short messaging services and multimedia messaging services for ringtones; wireless application protocol services; information; screen savers; and Java games, as well as audio-related services, such as caller ring-back tones through telecommunication network operators. The company is also engaged in the media content business, including the acquisition, licensing, and distribution of Asian and non Asian movies, and kids content across multiple platforms, such as theatres television, video discs, and online and mobile devices; music, which includes licensing of karaoke music videos; and staging of concerts and events. Its home entertainment products span a spectrum of content ranging from feature films, TV series, documentaries, pre-school edutainment, and animation series for children. In addition, the company operates online news and entertainment and parenting portals; and trades in quoted securities. Further, it is involved in software development; property investment activities; and provision of property management services. The company sells its products through nationwide distribution networks, integrated service platforms, and multiple marketing sales channels, as well as through the networks of mobile operators. It was formerly known as Linktone Ltd. and changed its name to MNC Media Investment Ltd. in June 2014. The company was founded in 1999 and is based in Singapore. MNC Media Investment Ltd. is a subsidiary of PT. Global Mediacom Tbk.

759 Employees
Last Reported Date: 03/20/14
Founded in 1999

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mnc media investment ltd-adr (LIR) Key Developments

MNC Media Investment Ltd Announces Executive Changes

MNC Media Investment Ltd. announced that it has promoted Ms Tan Peck Joo to Deputy Chief Executive Officer of the Group, effective immediately. Ms Tan is currently the Chief Financial Officer of the Group. With her promotion, Ms Poh Shih Yin, currently Regional Financial Controller of the Group, succeeds her as CFO. Ms Tan has served as Chief Financial Officer of the Group and on the Group's board since March 2011. Prior to that, she held various regional financial and general management positions in the Asian divisions of MediaCorp Pte Ltd, Starbucks and Delifrance. She also served as the finance director of Frito-Lay Asia, financial controller of Pepsi Asia and chief financial officer of Heinz Asia Pacific. Ms Poh joined the group in October 2011, as the Group's Regional Financial Controller. Prior to this, Ms Poh was Group Financial Controller at NBC Universal-TV Group, and Group Finance Director at Global Brands Group Pte Ltd.

MNC Media Investment Ltd Reports Earnings Results for the First Six Months Ended June 30, 2014

MNC Media Investment Ltd. reported earnings results for the first six months ended June 30, 2014. For the period, the company reported revenue surged 48% to $27 million compared to the six-month period ended December 31, 2013. This was up 11% or $2.6 million compared to the corresponding period last year of the same period. The net loss in first half 2014 was also cushioned by a net foreign exchange gain of $1.9 million, compared to $2.0 million of net foreign exchange loss in a year ago. With the surge in sales, the Group trimmed its net loss from $5.2 million in to $1.9 million in first half of 2014. Group operational cash outflow improved from $3.8 million in first half of 2013 to $0.9 million in first half of 2014. The group's loss per ordinary share was reduced to 0.5 cent in first half of 2014, compared to loss per share of 1.3 cents in first half of 2013 while its net tangible assets per share increased to 39 cents as at June 30, 2014 from 36 cents as at December 31, 2013.

Linktone Ltd. has Changed its Name to MNC Media Investment Ltd

On June 23, 2014, Linktone Ltd. changed its name to MNC Media Investment Ltd.


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