Sound growth for ProTV in 2003

Ziarul Financiar 27.02.2004


ProTV, Acasa TV and ProTV International television stations witnessed sound, sustained growth in their financial results last year, therefore significantly contributing to the overall performance of US-based TV broadcasting company Central European Media Enterprises (CME), the majority shareholder of the three networks. The net revenues derived from ProTV, Acasa TV and ProTV International amounted to $51.177 million, up 52.55% from 2002. The segment EBITDA went up to $12.206 million compared with $6.347 million in 2002, which accounts for 92.3% growth. ProTV maintained its leading position on the Romanian market in 2003, as well. ZF