CTC Media beats expectations on 4Q10 results

Yesterday CTC Media beat analysts expectations with its 4Q10 and FY 2010 US GAAP results. It also announced an increased dividend payout of 70% of 2010 net income.

CTCM’s FY 2010 revenues came in at USD 601mn, growing by 19% y-on-y and beating the forecast by 2%. OIBDA came at USD 221mn, 4.5% higher than last year’s number, adjusted for an impairment charge and a one-off ex-CEO payment. OIBDA beat the forecast by 5%. 

(0 COMMENTS) | SEE MORE »
Share |

CTC Media Returns to NASDAQ Q-50 Index

CTC Media (CTCM US) was included in the NASDAQ Q-50 Index on Friday after trading hours. The index follows the performance of the 50 stocks in line to replace those currently included in the NASDAQ-100 Index and is tracked by PowerShares NXQ Portfolio ETF (PNXQ UW).

The news are definitely positive for the company. We gauge we might see some positive reaction to the news. On March 12, when NASDAQ announced the removal of CTCM from the index, the stock lost almost 9% over the next four trading sessions, while the MSCI Russia Index was flat.

(1 COMMENT) | SEE MORE »
Share |
DJIA® 12 811.32 +0.00 (0.00%)
Nasdaq 2 895.59 +0.00 (0.00%)
S&P 500 1 377.51 +0.00 (0.00%)
Shanghai 2 068.25 -3.26 (0.16%)
Nikkei 225 8 757.60 -79.55 (0.90%)
Hang Seng 21 430.34 -136.57 (0.63%)
FTSE 100 5 776.05 +0.00 (0.00%)
CAC 40 3 407.68 +0.00 (0.00%)
RTSI 1 409.67 -0.60 (0.04%)
MICEX 1 408.02 +0.23 (0.02%)
USD/RUB 31.51 +0.21 (0.68%)
EUR/RUB 40.22 -0.06 (0.14%)
EUR/USD 1.28 -0.01 (0.81%)
GBP/USD 1.60 -0.00 (0.27%)
OUR CLIENTS