Chinese conditional access (CA) systems provider China Digital TV Holding has announced its unaudited financial results for Q1 2008, with net revenues reaching $17.4 million, up 65.7 per cent year-on-year but down. Net income for the quarter came to $11.4 million, up 84.1 per cent year on year but down 11.5per cent quarter on quarter. Quarterly revenues from smart cards and related products were $15.8 million, an increase of 75.6 per cent from the same period of 2007 and a decrease of 11.4 per cent from Q4 2007. Revenues from services during the period were $1.6 million an increase of 5.0 per cent year-on-year, but a decrease of 14.9 quarter-on-quarter.

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