BUCHAREST (Romania), February 28 (SeeNews) – International broadcaster Central European Media Enterprises (CME), which has operations in several southeast European countries, said on Friday it cut its consolidated net loss to $281.5 million (205.3 million euro) in 2013 from $546.4 3 million a year earlier.
The company's net revenues fell to $691 million last year from $772.1 million a year ago, it said in a presentation posted on its website.
CME's operating loss narrowed to $183.1 million from $488.2 million in 2012.
The company operates in Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.
Details about CME's revenue and operating income before depreciation and amortization (OIBDA) in Bulgaria, Croatia, Romania and Slovenia follow, year-ago figure in brackets (in millions of U.S. dollars):
Country |
2013 net revenue |
2013 OIBDA |
Bulgaria |
87.4 (85.2) |
13.4(13.1) |
Croatia |
61.9 (59.3) |
8.3 (7.9) |
Romania |
208.1 (195.6) |
6.1 (17.6) |
Slovenia |
66.7 (68.9) |
9.3 (14.9) |
($ = 0.7293 euro)