India, July 31 -- GigaMedia Ltd (GIGM), a provider of digital entertainment services, on Friday reported a decline in second-quarter net income despite operating revenue more than doubling from a year earlier.
On the Nasdaq, shares of GigaMedia are currently gaining 6.10 percent, changing hands at $1.3900.
Net income attributable to shareholders of GigaMedia fell to $0.55 million, or $0.05 per share, from $0.84 million, or $0.08 per share, last year.
Interest income fell to $0.24 million from $0.44 million a year before.
EBITDA declined to $0.32 million from $0.42 million in the previous year.
Meanwhile, operating revenues rose to $2.13 million from $0.87 million in the same period last year.
googletag.cmd.push(function() { googletag....