CTC Media (CTCM) Misses Q1 EPS by 1c
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CTC Media Announces Financial Results for the First Quarter Ended March 31, 2015
April 30, 2015 8:38 AM EDTMOSCOW, April 30, 2015 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq: CTCM), Russia's leading independent media company, today announced its unaudited consolidated financial results for the first quarter ended March 31, 2015.
Q1 2015 FINANCIAL HIGHLIGHTS
Total revenues and advertising revenues were RUR 4.9 billion ($79.1 million) and RUR 4.8 billion ($77.4 million), respectively, reflecting the estimated 21% contraction of the overall Russian television advertising market in the quarter OIBDA1,2 of RUR 0.5 billion ($8.4 million) with double-digit OIBDA margin1,2 of 10.6%, despite the decline in the overall TV ad market and challenging macroeconomic... More