aA
MG Baltic Media, a media and telecoms group indirectly owned by Lithuanian businessman Darius Mockus, last year saw its consolidated revenue drop to 57.871 million euros, down 12.1 percent from 65.858 million euros in 2016.
MG Baltic Media's FY revenue down 12 pct to EUR 58 mln
© DELFI / Kiril Čachovskij

Consolidated net profits jumped by 32.7 percent to 3.373 million euros, MG Baltic Media said in its 2017 annual report filed with the Center of Registers.

The group consists of Laisvas ir Nepriklausomas Kanalas, LNK Studija, Mediafon, Mediafon Carrier Services, Mediafon Datapro, Mediafon Technology, Mediafon Mobi and Mediafon Telco Solutions. The company also holds a 37 percent stake in Moldova's NP Base, 41 percent in A. Argentina's NP Systems and 50 percent Tunisia's Atlax.

The LNK Group, which broadcasts the LNK, BTV, TV1, Info TV and Liuks TV programs, last year posted 3.452 million euros in consolidated net profits, up 34.4 percent from 2.568 million euros in 2016. Its annual revenue rose by 5.2 percent to 25.937 million euros.

The telecoms group Mediafon saw its consolidated revenue fall by 21.1 percent to 31.795 million euros in 2017, from 40.276 million euros a year earlier. Net profits increased by 13.3 percent to 1.32 million euros.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Vilnius centre becomes art gallery

Lithuanian capital Vilnius has turned its centre into an open-air art gallery . The outdoor...

Lithuania faces new educational trends in post-pandemic reality

Scientists predict the second wave of coronavirus, and this uncertainty encourages high school...

Summer discoveries: exhibitions in Kaunas

After a couple of months with the doors closed, museums and galleries are eager to attract visitors.

Online from Kaunas: Lithuanian language and culture summer school

Baltic Summer University organisers have decided to use this time to explore the opportunities to...

Jakubauskas appointed director of Lithuania genocide center

Adas Jakubauskas , 55, has been appointed director of the Genocide and Resistance Research Center of...

Top news

Media watchdog bans Russian broadcaster RT (2)

The Radio and Television Commission of Lithuania (LRTK) on Wednesday banned Russia's broadcaster RT...

First complaint from business over lockdown restrictions reaches court (1)

Lithuanian business representatives on Wednesday lodged a complaint before a court seeking remedy...

Self-isolation required for arrivals from 58 worst hit countries

The Ministry of Health has updated the list of countries most affected by coronavirus infection...

10 new coronavirus cases

On Tuesday, 10 new COVID-19 cases were confirmed in Lithuania. All of them imported or from already...

Vilnius centre becomes art gallery

Lithuanian capital Vilnius has turned its centre into an open-air art gallery . The outdoor...

|Maža didelių žinių kaina