The growth of the Cairo Communication Group from 2016 to 2017 is surprising. Gross revenues rose from €631.7 million to €1.21 billion, the profit has doubled from €21.5 million in 2016, to reach €52 million in 2017. A dividend of 10 cents per share has been proposed, in contrast to the 5 cents per share from the previous year. The Stock Exchange raised the title closing at 3.48, registering thus an increase of 3.8%.
Specifically, the group’s TV sector is registering a very high growth. In fact, the gross operating margin adds up to 7 million, instead of 1.8 million from the previous year. This result has also been reflected in the ratings of the new programming of La 7, which in the last 5 months has often beaten Retequattro in prime time.
As for the future plans, the Group has declared its purpose to “continue the development of its periodic publishing and advertising sales sectors”, while for the TV side the objective is “to develop its activity in the television publishing sector, for which a positive gross operating margin is also expected in 2018”. In addition, it has been underlined “an increase in the gross operating margin of cash flows from current operations compared to the financial year 2017, which will allow the reduction of financial debt at the end of 2018 to less than 200 million”.
