Central European Media Enterprises Ltd. (CME) reported in its Q1 financial results published on Wednesday that its net revenues for the first quarter rose by 51% to 223.5 million US dollars as compared to the first quarter of 2007. Operating income for Q1 this year rose 31.4 million USD to 44.7 million USD, while net income increased by 15.1 million USD, a CME press release shows.
It said net revenues for Romania rose from 39,342 million USD in Q1 2007 to 57,999 million in Q1 2008.
The release quotes Michael Garin, Chief Executive Officer of CME, according to whom "following a spectacular 2007 performance, 2008 is off to a strong start and we are on route to achieve another record-setting year, with expected revenues of $1.1 billion and broadcast Segment EBITDA of $440 million."
