Xinhua Finance Media Limited (XFML), a Chinese broadcast, print, and advertising media company, announced Q2 2008 financial results this afternoon after the close of the regular trading session. Revenues rose to $48.9 million, an increase of 69% year over year from $29.0 million. Adjusted net income (non-GAAP) was $7.6 million, or 10 cents per ADS, an increase of 22% from $6.3 million, or 8 cents per ADS, for the same period in fiscal 2007. This represents a sequential increase of 437% from $1.4 million adjusted net income in the first quarter of 2008. Four analysts surveyed expected consensus adjusted net income of 7 cents per ADS on $49.3 million in revenues.