Central European Media Enterprises Ltd. Reports Second Quarter And Half Year 2013 Results

SECOND QUARTER - Net revenues of US$ 180.2 million - - OIBDA of US$ 7.0 million -

FIRST HALF - Net revenues of US$ 317.3 million - - OIBDA of US$ (13.6) million -

HAMILTON, Bermuda, July 31, 2013 (GLOBE NEWSWIRE) -- Central European Media Enterprises Ltd. ("CME" or the "Company") (Nasdaq:CETV) (Prague Stock Exchange:CETV) today announced financial results for the three and six months ended June 30, 2013.

Net revenues for the second quarter ended June 30, 2013 were US$ 180.2 million compared to US$ 211.2 million for the second quarter of 2012. OIBDA 1 for the quarter ended June 30, 2013 was US$ 7.0 million compared to US$ 47.1 million for the three months ended June 30, 2012. Operating loss for the three months ended June 30, 2013 was US$ (5.7) million compared to operating income of US$ 23.7 million for the same period in 2012. Net loss for the three months ended June 30, 2013 was US$ (41.1) million compared to net income of US$ 3.1 million for the same period in 2012. Fully diluted loss per share attributable to CME for the three months ended June 30, 2013 was US$ (0.34) compared to income per share of US$ 0.06 for three months ended June 30, 2012.

Net revenues for the six months ended June 30, 2013 were US$ 317.3 million compared to US$ 378.7 million for the same period in 2012. OIBDA for the six months ended June 30, 2013 was US$ (13.6) million compared to US$ 61.2 million for the same period in 2012. Operating loss for the six months ended June 30, 2013 was US$ (40.7) million compared to operating income of US$ 13.3 million in 2012. Net loss for the first half ended June 30, 2013 was US$ (150.1) million compared to US$ (10.7) million for the same period in 2012. Fully diluted loss per share attributable to CME for the six months ended June 30, 2013 was US$ (1.42) compared to US$ (0.14) for six months ended June 30, 2012.

If you liked this article you might like

Insider Trading Alert - AVNW, FLEX And CETV Traded By Insiders

Insider Trading Alert - AAPL, SCCO And CETV Traded By Insiders

Why Central European Media (CETV) Is Exploding Today

5 Stocks Under $10 Set to Soar

Playing the Fed Just Like Earnings

Playing the Fed Just Like Earnings