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MTG Q3 organic sales up 7%, cuts expectation for MTGx Q4 profit

Thursday 19 October 2017 | 12:12 CET | News
Modern Times Group (MTG) said organic sales growth in the third quarter was 7 percent, with sales improvements in all four divisions. The InnoGames consolidation helped push reported sales up 17 percent. MTG still expects profitable growth for the group's continuing operations in the full year, but the first-ever profit at MTGx in Q4 will now be lower than expected, and Turtle may have to impair bad debt.

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Categories: Broadcast & Satellite
Companies: InnoGames / Modern Times Group
Countries: World
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