CTC Media ups sales revenues 12% to $264 mln in Q4
MOSCOW. March 6 (Interfax) - CTC Media made sales revenues to US GAAP of $264.2 million in the last quarter of 2012, a 12% year-on-year increase, the company reported.
Sales revenues were up 5% at $805 million for last year as a whole.
Adjusted operating income before depreciation and amortization (OIBDA) increased 12% to $103.8 million, while the margin edged up to 39.3% from 39.2% a year earlier.
CTC Media's Q4 net profits amounted to $64.8 million versus losses incurred due to asset revaluation of $24.5 million in Q4 2011.
These figures are better than analysts surveyed for a consensus forecast by Interfax had predicted. They reckoned CTC Media's Q4 sales revenues at $254.9 million (up 7.5%). According to the Association of Communications Agencies of Russia, the Russian television advertising market expanded 9% in Q4.
OIBDA and net profits were also both better than forecast. The analysts anticipated OIBDA of $95.1 million, an OIBDA margin of 37.3%, and net profits of $58.9 million.
