CTC Media reports decrease in 9M net profit

Posted on: Thu, 05 Nov 2009 05:31:00 EST


Symbols: CTCM
Moscow, Nov 05, 2009 (RosBusinessConsulting via COMTEX) --
CTCM | Quote | Chart | News | PowerRating -- The net profit of CTC Media under U.S. GAAP dropped 30.2 percent to $79.772m in the first nine months of 2009 compared to the corresponding period of the previous year, the Russian television company announced today. Consolidated operating revenue shrank 28.1 percent to $325.607m. Meanwhile, OIBDA amounted to $123.874m, which is 32.6 percent less than in January-September 2008. OIBDA margin stood at 38 percent in the first nine months of 2009 against 40.6 percent in the same period a year earlier.

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