Revenue Update on Central European Media Enterprises Ltd.(NASDAQ:CETV)

Central European Media Enterprises Ltd.(NASDAQ:CETV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Earnings per share were $0.02.

Central European Media Enterprises Ltd. (CETV) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.43% at a volume of 1,27,240. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.33. The peak price level was also seen at $2.33 while the days lowest was $2.295. Finally the shares closed at $2.31. The 52-week high of the shares is $2.96 while the 52-week low is $1.84. According to the latest information available, the market cap of the company is $329 M.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Daniel Penn (EVP, General Counsel) sold 10,925 shares at $2.27 per share price.Also, On Jun 18, 2015, Christoph Mainusch (co-Chief Executive Officer) sold 20,483 shares at $2.20 per share price.On Jun 11, 2015, Parm Sandhu (director) purchased 43,906 shares at $2.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Central European Media Enterprises Ltd. is a media and entertainment company. The Company manages its business in six operating segments: Bulgaria Croatia the Czech Republic Romania the Slovak Republic and Slovenia. It broadcasts around 33 television channels which include BTV CINEMA BTV COMEDY RING.BG NOVA WORLD and MINI TV ACASA PRO CINEMA SPORT.RO MTV ROMANIA PRO TV INTERNATIONAL PRO TV CHISINAU and BTV LADY among others. Its programs consist of news current affairs fiction and reality and entertainment shows as well as acquired foreign movies series and sports programming. Its entertainment television channels in each country are distributed on a free-to-air basis terrestrially in analog digital or both depending on the digitalization status in each country and are also distributed via cable and satellite. It offers viewers the choice of watching television content through a series of portals including through Voyo and catch-up services on its Websites.

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