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Mediaset sees profits on the rise this year after better Q1
May 9, 2017 / 4:34 PM / 6 months ago

Mediaset sees profits on the rise this year after better Q1

MILAN, May 9 (Reuters) - Italy’s private broadcaster Mediaset said on Tuesday it expected to report both an operating and net profit this year after a strong improvement in the first quarter.

The Milan-based TV group said operating profit in the January-March period rose to 76.6 million euros ($83 million)from 21.4 million the previous year, despite a 2.5 percent drop in net revenues.

The broadcaster, controlled by the family of former prime minister Silvio Berlusconi, said it expected group-wide advertising revenues to keep growing after ad sales in Italy rose 2.4 percent in the first quarter. ($1 = 0.9197 euros) (Reporting by Giulia Segreti)

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