|
|
Article: CTC Media boosts Q3 earnings 23%, above forecast (Part 4).(Financial report)
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CTC Media boosts Q3 earnings 23%, above forecast (Part 4)
MOSCOW. Nov 5 (Interfax) - CTC Media Inc, which operates the CTC, Domashny and DTV television channels in Russia and owns media assets in Kazakhstan and Uzbekistan, boosted net profit to US GAAP 23.3% year-on- year in Q3 2009 to $25.86 million, the company said.
Analysts said in a consensus forecast that Q3 net profit could rise 1.4% year-on-year to $21.3 million.
CTC Media said sales revenue fell 25.4% year-on-year to $106-9 million that OIBDA fell 30.6% to $38.2 million and the OIBDA margin decreased to 35.7% in Q3 2009, from 38.4% a year previously.
The analysts forecast ...