Baltic Media Company Ekspress Grupp Slipped to Loss in Fourth Quarter

AS Ekspress Grupp (EEG1T), the only publicly traded Baltic media company, said it slipped to a loss in the fourth quarter.

Net loss totaled 215,000 euros ($289,020), compared with a profit of 210,000 euros in the fourth quarter of 2010, the Tallinn, Estonia-based company said in a regulatory statement today. Sales rose 10 percent to 16.3 million euros, it said.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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