STOCKHOLM, Sweden, Aug. 6, 2003 (PRIMEZONE) -- Modern Times Group MTG AB ("MTG") (Stockholm:MTGA) (Nasdaq:MTGNY) today announced its preliminary financial results for the second quarter and first six months ended 30 June 2003.
SECOND QUARTER HIGHLIGHTS
-- Group Operating Income, Excluding Non-Recurring Capital Gains Last Year, Increased To Sek 159 (41) Million
- Pre-Tax Profit Amounted To Sek 104 (53) Million
- Net Sales Up By 8% To Sek 1,631 (1,506) Million and MTG Increased Its Market Share For Both Radio And Tv Advertising In The Nordic Region
- TV3 Scandinavia Net Sales Up 14% Year-On-Year To Sek 561 (492) Million
- Operating Income From Pay-TV Operations Increased To Sek 127 (88) Million
- Swedish Radio Operations Report Operating Profit
For further information, please visit www.mtg.se, email info@mtg.se, or contact: Hans-Holger Albrecht, President & CEO tel: +46 (0) 8 562 000 50 Mia Brunell, Chief Financial Officer tel: +46 (0) 8 562 000 50 Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/08/06/20030806BIT00550/wkr0002.pdf
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