Happy days at Dori Media's (AIM: DMG, DMG message board) as the broadcaster's revenue jumped almost 119% thanks to a partnership with Israeli cable TV station.According to the report published today, Dori Media's friendship with Israeli TV outfit called 'HOT' delivered some fantastic results.
Dori saw a jump from $12.7 million in the first half of 2007 to $27.8 million in the first half of 2008.
Meanwhile, turnover increased from $2.2 million to $14 million.
"We continue to diversify our income streams and international sales account for a very high proportion of group sales, with sales in new territories in Africa and Asia now also showing very healthy levels of growth," said Nadav Palti, president and chief executive officer of Dori Media.
Dori's shares might soon be heading for new highs, as the company continues to grow
Palti said, that the company will continue to search for new ways of producing content. The company said it received a great amount of attention on its YouTube channels and thinks some of its shows could be a big hit.
Dori's shares today finished at 113.50p or 3% up before the news.
Well, this piece of news should drive the company's stock to the new highs. The company plans to keep the current pace as Fox Broadcasting is commissioning a pilot programme based on the US version of Dori media's hit show "LaLola". So, I assume we should soon hear more good news from Dori Media.
Reference
www.dorimedia.com
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