RTL raises dividend after 53% increase in H1 profit

Thursday 22 August 2013 | 09:46 CET | News
Broadcaster RTL announced plans to pay a special dividend to shareholders after a strong improvement in its first-half profits. Net profit was up 52.6 percent from a year earlier to EUR 418 million. The result was helped by the reversal of a EUR 72 million impairment charge on its stake in Spanish broadcasting company Atresmedia. EBITA was up 9.1 percent to EUR 552 million, and the margin increased to 19.9 percent from 18.0 a year ago. Revenues were still down 1.3 percent to EUR 2.78 billion on the difficult ad market. Only the German TV advertising market was estimated to be stable

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Categories: Broadcast & Satellite / Internet
Companies: RTL
Countries: Europe
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