Xinhua Sales Skyrocket

ORGANIZATION & STRATEGY

Xinhua Finance, the Chinese financial services and information provider, announced last week a 160 percent increase in turnover for the first half of 2005 compared to the same period last year.

Sales for the first half of the year were US$46.5 million compared to US$17.9 million for the first half of 2004. Under Japanese Generally Accepted Accounting Principles (GAAP), earnings before interest, tax, depreciation and amortization was up 3058.9 percent to US$6.2 million, boosted mainly by a US