Advertisement
Singapore markets close in 5 hours 14 minutes

  • Straits Times Index

    3,298.10
    +25.38 (+0.78%)
     

  • Nikkei

    38,329.39
    +777.23 (+2.07%)
     

  • Hang Seng

    17,107.10
    +278.17 (+1.65%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Bitcoin USD

    66,670.26
    +49.63 (+0.07%)
     

  • CMC Crypto 200

    1,434.44
    +19.68 (+1.39%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,337.40
    -4.70 (-0.20%)
     

  • Crude Oil

    83.40
    +0.04 (+0.05%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • FTSE Bursa Malaysia

    1,568.02
    +6.38 (+0.41%)
     

  • Jakarta Composite Index

    7,179.92
    +69.11 (+0.97%)
     

  • PSE Index

    6,573.18
    +66.38 (+1.02%)
     

Broadcaster CME sees core profit rising 18-20 percent in 2016

Reuters

PRAGUE (Reuters) - Broadcaster Central European Media Enterprises (CME) (CETV.O) (CETV.PR) forecast on Tuesday its core profit will grow by 18-20 percent at constant exchange rates for the whole of 2016, the higher end of its previous guidance range.

It also said in a presentation on its website it expected unlevered free cash flow to end the year in a range $90 million (73.59 million pounds) to $95 million (77.68 million pounds) at actual rates.

CME had previously said it expected growth of operating income before depreciation and amortisation (OIBDA) to grow in the low to high teens.

(Reporting by Jason Hovet)