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Profit fall for CME

February 7, 2020 06.32 Europe/London By Chris Dziadul

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.

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Filed Under: Central & East Europe, Newsline Tagged With: CME Edited: February 7, 2020 06:32

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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