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

Published 25/10/2016, 13:51
© Reuters.  Broadcaster CME sees core profit rising 18-20 percent in 2016
CETV
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PRAGUE (Reuters) - Broadcaster Central European Media Enterprises (CME) (O:CETV) (PR:CETV) 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.

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