Central European Media Enterprises Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net revenues of $196,154,000 against $170,027,000 a year ago. Operating income was $57,750,000 against $45,461,000 a year ago. Income before tax was $45,428,000 against $21,000,000 a year ago. Income from continuing operations was $36,715,000 or $0.10 per diluted share against $21,370,000 or $0.06 per basic and diluted share a year ago. Net income attributable to the company was $40,643,000 or $0.11 per diluted share against $21,088,000 or $0.06 per diluted share a year ago. Total OIBDA was $67,639,000 against $53,456,000 a year ago.

For the full year, the company reported net revenues of $574,212,000 against $526,174,000 a year ago. Operating income was $129,949,000 against $105,532,000 a year ago. Income before tax was $75,536,000 against loss of $158,089,000 a year ago. Income from continuing operations was $54,053,000 or $0.15 per diluted share against loss of $164,425,000 or $1.18 per basic and diluted share a year ago. Net income attributable to the company was $49,768,000 or $0.12 per diluted share against loss of $180,291,000 or $1.28 per basic and diluted share a year ago. Net cash generated from operating activities was $95,321,000 against $59,387,000 a year ago. Total OIBDA was $165,532,000 against $136,908,000 a year ago.

In 2018, the company anticipates using increased cash generated by the business. The company anticipates that revenue growth, combined with their ongoing focus on cost containment, will drive another year of robust growth in profitability and continued margin expansion in 2018.