CTC Media Reports Profit In Q4 - Quick Facts

(RTTNews.com) - CTC Media, Inc. ( CTCM ) reported fourth-quarter net income to stockholders of $64.88 million or $0.41 per share, compared to a loss of $24.54 million or $0.16 per share last year. Total operating revenues increased to $264.23 million from $236.76 million prior year.

Adjusted net income attributable to stockholders was $64.88 million or $0.41 per share for the period. Adjusted net income to stockholders for the prior year period was $61.43 million or $0.39 per share.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $257.13 million for the quarter.

The CTC Media Board currently intends to pay cash dividends of $0.63 per share in 2013, a year-on-year increase of 21%. The Board has declared a dividend of $0.15 per outstanding share of common stock, to be paid on or about March 29, 2013 to stockholders of record as of March 20, 2013.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com