Goes on file 2014 of Cairo Communication Group which closed with a consolidated net result up 25,1% on an annual basis to 23,8 million, despite the decline in gross consolidated revenues, which fell to 277,6 million from 284,7 million in 2013.
In detail, the management of La7 generated a positive gross operating margin of around 9 million, a clear improvement compared to the loss at Ebitda level of 25,4 million recorded in 2013. As regards the magazine publishing sector, growth both the gross operating margin and the operating result, respectively at 13,8 million and 12,5 million (+11,3% and +13,2% respectively compared to 2013)
The future prospects of the group are also good, which expects to be able to achieve "the objective of consolidating the results of the rationalization and cost reduction interventions in the television publishing sector carried out in 2013 and 2014", despite the difficult economic situation. Finally, a dividend of 0,27 euro per share will be proposed to the shareholders' meeting.
In the meantime, the publication of the results of the financial statements pushed up the shares of Cairo Communication, which gained more than 3% in Piazza Affari in the early afternoon.
