The US investment company CME enjoyed a significant upturn in its financial fortunes in the first quarter, its net revenues of $223,470,000 (€143,181,163) being 51% up on the corresponding period in 2007.
Its operating income was meanwhile 236% higher at $44,676,000, and net income of $14,895,000 contrasted with a loss of $250,000 12 months earlier.
Although the Czech Republic remains by far its most lucrative market, with segment revenues of $85,558,000 and EBITDA of $43,845,000 in Q1 2008, second placed Romania ($57,996,000 and $23,376,000) continues to perform exceptionally well.
However, improvements were posted across the board in all six CEE markets the company is present in.
CME projects revenues of $1.1 billion and broadcast segment EBITDA of $440 million this year, with particularly strong growth in its new media businesses.
