Central European Media Full Year Oibda Rose 60%, Sarbu Tells HN
Stock Chart for Central European Media Enterprises Ltd (CETV)
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.
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