This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bona Reports Second Quarter 2013 Financial Results

Cash and Cash Flow

As of June 30, 2013, Bona had cash, cash equivalents and restricted cash totaling US$33.0 million, compared with US$28.0 million as of December 31, 2012. Operating cash flow for the second quarter was a net outflow of approximately US$9.6 million, compared with US$17.0 million for the second quarter of 2012. The change in cash flow from operations was mainly attributable to investment and production expenses associated with films that the Company expects to release in 2013 .

Business Outlook

Based on current market and operating conditions, the Company expects non-GAAP net income for the third quarter of 2013 to be in the range of US$3.0 million to US$3.5 million.

"Looking ahead to the remainder of 2013, we will continue to focus on growing our complementary business segments through the ongoing expansion of our theater network, while we build upon our leading position in China's film distribution market by leveraging our diverse second-half release schedule, which includes several films that we believe have strong box office potential. In addition to our aggressive theater development strategy and compelling second-half release slate, our international expansion initiatives remain on track and are expected to create additional revenue opportunities for the Company. We have built a strong foundation for future growth and remain excited about what the future holds for Bona. We currently anticipate non-GAAP net income of $3.0 million to $3.5 million for the third quarter of 2013," added Mr. Yu.

Second Quarter 2013 Conference Call Details

Bona management will hold the earnings conference call at 8:00 p.m. Eastern Time on Thursday, August 29, 2013 (8:00 a.m. Beijing/Hong Kong Time on Friday, August 30, 2013). Management will discuss results and highlights of the quarter and answer questions from investors.

The dial-in numbers for the earnings conference call are as follows:
U.S. Toll Free: +1-855-500-8701
Hong Kong Toll Free: 800-903-737
China, Domestic: 400-120-0654
International: +65-6723-9385
The conference ID # is 33469546

A live and archived webcast of the earnings conference call will be available on Bona's Investor Relations website at .

About Bona Film Group Limited

Bona Film Group Limited (Nasdaq:BONA) is a leading film distributor in China, with an integrated business model encompassing film distribution, film production, film exhibition and talent representation. Bona distributes films to Greater China, Korea, Southeast Asia, the United States and Europe, invests and produces movies in a variety of genres, owns and operates twenty movie theaters and manages a range of talented and popular Chinese artists.

5 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,841.82 +121.90 0.69%
S&P 500 2,095.50 +15.09 0.73%
NASDAQ 5,143.8840 +35.2180 0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs