Dori Media Annual Revenues Down
For the full year ended December 31, 2010, the company posted a gross profit of $11.42m, compared to $15.36m for the full year ended 2009. Total operating expenses were $14.66m, compared to $13.72m for the same period in 2009.
Taxes on income were $0.53m for the full year ended 2010, compared to $1.66m for the full year ended 2009. Loss for the year was $4.58m, compared to $1.44m for the same period in 2009.
Early indications support the management teamâ€™s belief that 2011 will prove to be a stronger year for Dori Media. Trading for the first three months of the year has been strong and the company is witnessing positive response to many of its productions.
The companyâ€™s business operations remain stable and cash generative and Dori Media continues to have a strong balance sheet. Despite this, the board considers the potential delisting to be in the best interests of the company's and all of its shareholders.
Nadav Palti, president and CEO of Dori Media Group, said: â€œAlthough we have continued to benefit from increasing activity and interest in Dori Media's programming and content, 2010 was a challenging year.
â€œA large portion of income generated from a major production that was expected to be fully realized in 2010 is now expected to be realized in 2011 as a result of scheduling issues experienced by a client. However, we are confident about our prospects for 2011, trading for the first three months of 2011 has been strong and our business operations are stable and cash generative.â€
Will the firm maintain stable revenues in Q1?
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