ITALY / Mediaset: net income increase

mediasetThe Mediaset Group ended the fiscal year 2014 with a net profit of €23.7 million, an increase of €8.9 million over 2013. Consolidated revenue remains almost unchanged: €3,414.4 billion against €3,414.7 billion in 2013. The group will donate a dividend of €0.02 per share. Debt declined from €1.4 billion to €861.4 million. Despite the recovery in the advertising market, Mediaset noted that advertising revenues are difficult to predict. Marco Giordani, the CFO, said that rather than selling the entire business, the Group is seeking a partnership “to strengthen Mediaste Premium pay-TV operations”.

Sources: ilgiornale.it et satellifax

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