Russian TV Company Unveils Q1 Results

01 May 2007

MOSCOW: Russian television network CTC Media reports first quarter year-on-year net profit growth of 24.1% to $28.1 million (€20.6m; £14.09m). The company says operating revenues climbed 31.4% to $104.1m and EBITDA rose 20.3% to $44.3m.

CTC Media, backed by investors including Sweden's Modern Times Group and Baring Vostok Capital Partners, floated on New York's Nasdaq a year ago and is valued at $4 billion.

Data sourced from Moscow Times / Reuters; additional content by WARC staff