Central European Media Enterprises (CME) has posted a net income of $49.67 million for the last three months of 2019, down from $55.83 million in the corresponding period a year earlier.
Its net revenues during the period amounted to $225.8 million ($228.6 million), while OIBDA was $95.11 million ($90.74 million).
Net revenues fell in only one of its five CEE markets – Romania (-5.3% actual) – and grew the most (+2.7% actual) in Slovakia.
In its latest set of results, the company notes that it expects the acquisition by PPF Group to be completed in mid-2020.
Due to the pending proposed deal it did not hold a conference call for investors in connection with the results.
