Central European Media Full Year Oibda Rose 60%, Sarbu Tells HN

Central European Media Enterprises Ltd. (CETV) said 2011 Oibda, or operating income before depreciation and amortization, rose 60 percent from a year ago, Chief Executive Officer Adrian Sarbu told Hospodarske Noviny in an interview.

The company has a “sufficient” liquidity of $200 million in cash and a debt payment of $130 million due next year is not a problem, Sarbu told the newspaper.

Sarbu’s recent stock sell-offs were linked with the needs of his other private business activities, the executive added.

To contact the reporter on this story: Lenka Ponikelska in Prague lponikelska1@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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