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Focus Media Q1 Profit Up 58%; Shares Rise 5%

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-- Focus Media Information Technology (SHE:002027) posted first-quarter attributable net profit of 1.79 billion yuan, up 58% from 1.14 billion yuan the previous year.

Earnings per share rose to 0.1239 yuan from 0.0786 yuan, according to a Wednesday filing with the Shenzhen bourse.

Operating revenue went up 2.0% year over year to 2.92 billion yuan from 2.86 billion yuan.

Shares of the advertising company were up 5% in recent trade.

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