The operating profit (operating income before depreciation and amortization- OIBDA) was $15 million, in January-March 2020, down 14.1% from $17.5 million in the year-earlier period.
ProTV is part of Central European Media Enterprises (CME) Group, the largest television operator in Central and Eastern Europe, which is listed on the Nasdaq Stock Market and the Prague Stock Exchange, where it is headquartered.
In the first quarter of 2020, CME Group reported a turnover of $143 million, down 1.9% on the year, and an operating profit of $37 million, down 2.3% o the year.
CME Group operates in the Czech Republic, Romania, Slovakia, Slovenia and Bulgaria.
CME is held by US giant telecom group AT&T, which had acquired the company from Time Warner following a transaction in the US. In 2019, AT&T sold its shares to Czech billionaire Petr Kellner, within a transaction of $2.1 billion, which is expected to be finalized mid- 2020, after being cleared by all the countries in which the television group operates.