Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Central European Media +4.3% amid profit gain, debt repricing

Published 04/26/2018, 02:19 PM
Updated 04/26/2018, 02:19 PM
© Reuters. Central European Media +4.3% amid profit gain, debt repricing
  • Central European Media (NASDAQ:CETV) is up 4.3% following its Q1 results where it announced strong gains in operating income and a debt repricing that will save heavily on borrowing costs.
  • TV ad revenues were up 26% (up 7% at constant rates); carriage fees and subscription revenues grew 23% (8% at constant rates).
  • Meanwhile, OIBDA was up 45% (up 26% at constant rates) and margin expanded to 22% from 19%. That improved operating income by 61% (43% at constant rates).
  • The company also announced a new financing deal with Time Warner to reduce fees payable as guarantor of CME's senior term credit facilities. Beginning in May, CME's average cost of borrowing will fall almost 200 basis points, to about 4%. The all-in rate can fall as low as 3%.
  • Earnings call transcript
  • Press release
  • Now read: Fang Holdings +2.2% amid sunny 2018 profit guidance


Original article

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.