Targeted Strategies for Today's Evolving Markets

MissionIR Blog

Central European Media Enterprises Ltd. (CETV) Stock Price Increases 4.12% as the Company Announces Q3 2007 Results

Central European Media Enterprises announced financial results today for the quarter and nine months ended September 30, 2007. Net revenues for the third quarter of this year totaled $174.8 million, a 55% increase from the same period last year. Operating income for the quarter also increased significantly from $28.4 million to $35.0 million.

Michael Garin, Chief Executive Officer of CME, stated, “Our third quarter results highlight the continued strength of our operations across all markets. I am particularly pleased by the strong performance of our Ukrainian operations. We have recently increased our 2007 guidance and look forward to continuing our position as the fastest growing multinational broadcaster.”

We featured Central European Media Enterprises in our daily newsletter while the stock was trading for less than $104. The new 52-week high of $119.92 established today represents over a 15% increase from our mention. To sign up for the daily newsletter, please vist http://www.qualitystocks.net/signup.php

Let us hear your thoughts below:

This entry was posted in Small Cap News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *