Trading Statement
DORI MEDIA GROUP
TRADING UPDATE
The Board of Directors of Dori Media Group (“DMG” or “the Company”), the
international media company active in the field of television, with a
focus on production, distribution, broadcasting and merchandising of
Telenovela, announces a trading update following the end of the
financial year to 31 December 2009.
Although the last quarter of 2009 showed a significant increase in
activity and interest in Dori Media's programmes and content, certain
contract negotiations which were anticipated to conclude in 2009 are
still on-going, reflecting continued caution by programme buyers in an
uncertain economic climate. The directors are confident that despite
these delays, agreements will ultimately be reached for much of this
business in the current year. Accordingly turnover for the year ended 31
December 2009 is now expected to be between $45 million and $48 million.
Consequently, results before tax will also be significantly below market
expectations, though this is subject to a final audit.
Early indications support the Management team’s belief that 2010 will
prove to be a strong year for Dori Media, given the industry’s positive
response to its numerous productions. The Company’s business operations
remain stable and cash generative and Dori Media continues to have a
strong balance sheet.
The Board of DMG anticipates releasing its preliminary results by the
end of February 2010.
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For further information on Dori Media Group, please visit our website on www.dorimedia.com
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Dori Media Group Ltd.
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Shared Value Limited
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Nadav Palti, CEO & President
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Nicolas Duperrier/Mark Walter
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Tel: +972 3 7684000
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Investor & Media relations
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[email protected]
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Tel. +44 (0) 20 7321 5010
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[email protected]
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Daniel Stewart & Company
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Paul Shackleton/Oliver Rigby
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Tel. +44 (0) 20 7776 6550
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Dori Media Group is an international media group that produces,
distributes and broadcasts telenovelas. The group owns approximately
4,500 television hours that it sells to a wide variety of audiences in
more than 70 countries. In Israel, Dori Media is the owner of Dori Media
Paran and Dori Media Darset, which produce daily series and telenovelas
for the Israeli market. It also owns and operates two telenovela
channels, Viva and Viva Platinum. In the Israeli market, Dori Media also
packages, produces and operates all of the movie and series channels on
HOT cable television. In Indonesia, the company operates the Televiva
Vision 2 channel that is devoted to telenovelas, GINX the video gaming
channel and Baby TV Vision 3 for toddlers. Dori Media is also the owner
and the operator of the Latin series website www.Novebox.com.
The Dori Media Group in controlled by Mapal Communications Ltd. one of
the largest media companies in the Israel. The group is traded on the
London Stock Exchange where its symbol is DMG. For more information on
Dori Media, visit our corporate website at http://www.dorimedia.com/.
