Trading Statement
January 21 2011 - 2:00AM
UK Regulatory
TIDMDMG
TRADING UPDATE
Tel-Aviv, Israel - January 21, 2011 - Dori Media Group Ltd.
("DMG" or the "Company"), the international media company active in
the field of television and new media, with a focus on production,
distribution, broadcasting and merchandising of Drama and
Telenovela, announces a trading update following the end of the
financial year to 31 December 2010.
Turnover for the year ended 31 December 2010 is expected to be
between $45 million and $48 million. Consequently, results before
tax are also expected to be significantly below market
expectations, subject to final audit.
Although the second half of 2010 shows a continuing increase in
activity and interest in Dori Media's programming and content, a
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. Dori Media will complete the production and the Company is
confident that the majority of its income from the production will
be booked during 2011. A number of negotiations for agreements
initiated at MIPCOM which were expected to be closed in 2010 are
also on-going and are expected to be closed during 2011.
Early indications support the Management team's belief that 2011
will prove to be stronger year for Dori Media, given the industry's
positive response to its productions. The Company's business
operations remain stable and positive cash generative, and Dori
Media continues to have a strong balance sheet.
The Board of DMG anticipates releasing its preliminary results
by the end of February 2011.
***
For further information on Dori Media Group, please visit our
website on www.dorimedia.com or contact:
Dori Media Group Ltd. Shared Value Limited
Nadav Palti, CEO & President Mark Walter
Tel: +972 3 7684000 Investor & Media relations
info@dorimedia.com Tel. +44 (0) 20 7321 5039
dmg@sharedvalue.net
Daniel Stewart & Company
Paul Shackleton/Oliver Rigby
Tel. +44 (0) 20 7776 6550
Dori Media Group is an international group of media companies,
located in Israel, Switzerland, Argentina, The Philippines and the
US. The group produces and distributes TV and New Media content,
broadcasts various TV channels and operates video-content internet
sites. The group owns approximately 5,130 TV hours, more than 5,000
clips of 3 minutes on average, 120 - 9 minute webisodes and around
556 1-5 minute cellular episodes of Telenovelas and daily series
that it sells to a wide variety of audiences in more than 120
countries. It owns and operates two telenovela channels, Viva and
Viva Platina broadcasted on all Israeli multi-channel platforms and
via the co-branded internet site offering telenovelas to Israeli
surfers through Walla.com. Dori Media Contenidos produces Spanish
daily dramas in Latin America. Dori Media Paran and Dori Media
Darset produce top-end series as well as daily dramas for the
Israeli and international markets. Dori New Media develops and
produces formats specially tailored for the internet and cellular
platforms, and realizes new opportunities enabled by the new
technologies. Dori Media Spike packages, produces and operates the
main movie channels on the Israeli cable TV platform and general
entertainment channels on all Israeli TV multi-channel platforms.
In Indonesia and Malaysia, the company operates the Televiva Vision
2 channel that is devoted to telenovelas and Baby TV Vision 3 for
toddlers, in addition to the Ginx gamers' channel. Ginx is
localized and broadcasted to Turkey as well. Novebox operates an
ad-based VOD and SVOD commercial internet site targeted at the
Hispanic and Latin American audience offering a variety of shows
and movies. The group is traded on the London Stock Exchange where
its symbol is DMG.
For more information on Dori Media, visit our corporate website
at http://www.dorimedia.com/.
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