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China Digital posts 4Q profit

BEIJING (AP) _ China Digital TV Holding Co. (STV) on Tuesday reported fourth-quarter profit of $46.3 million.

The Beijing-based company said it had net income of 76 cents per share. Losses, adjusted for one-time gains and costs, came to 1 cent per share.

The producer of equipment for television network operators posted revenue of $778,000 in the period.

For the year, the company reported profit of $45.4 million, or 75 cents per share. Revenue was reported as $4.2 million.

In the final minutes of trading on Tuesday, the company's shares hit $1.36. A year ago, they were trading at $1.49.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STV at https://www.zacks.com/ap/STV


Keywords: China Digital, Earnings Report