Shanghai, 13th August: Xinhua Finance Limited (XFL), a China-focused financial information provider, announced its results for the first half ended 30th June 2010. Revenues plummeted 59% to US$7.2 million, compared with the US$18 million recorded in the first half of 2009. The company posted a net loss of US$2 million in the first half of 2010 compared with a US$19 million loss recorded last year.  XFL also reported its results for the quarter ended 30th June. Revenues decreased by 51% from US$8.5 million in 2009 to US$4.1 million this year. Net loss was US$683,000 in the period, an improvement compared with a loss of US$7 million last year.  Source: BSG Hong Kong

BIIA Newsletter September II – Issue