TALLINN — Estonia’s largest media company Ekspress Grupp posted a €0.7 million profit in the second quarter, doubling last year’s results although first half of 2010 remains in loss.

Despite of the increase in profit, Ekspress Grupp’s turnover was only 211 million krooni (€13.5 million) in the second quarter, down by 4.1 percent compared to the same period last year.

The company said in its [private_supervisor]quarterly report to shareholders that the second quarter’s good results are derived from cuts made in 2009, an improvement in online advertising and increased export sales growth in printing services.

Online media segment brought in €0.5 million before taxes, which is a full 99 percent higher than last year.

“As online advertising revenues in all the countries have improved during first half of the year and mainly in the second quarter, it has contributed directly to the earnings of the company as margins from additional revenues in online media segment are extraordinary high,” the group reported on Friday.

Delfi operations in Estonia remained on last year’s profitable level, but Delfi.lv continues to sink in the red. Delfi.lt had the biggest turnaround in the group, growing 148 percent compared to last year.

“In general, managements view for the rest of the year is cautiously optimistic based mainly on continuous success of the printing services segment export activities and improving revenues in online media segment,” to company said. “We expect also the advertising revenues for periodicals segment to reach 2009 levels at least by the end of the year.” [/private_supervisor] [private_subscription 1 month]quarterly report to shareholders that the second quarter’s good results are derived from cuts made in 2009, an improvement in online advertising and increased export sales growth in printing services.

Online media segment brought in €0.5 million before taxes, which is a full 99 percent higher than last year.

“As online advertising revenues in all the countries have improved during first half of the year and mainly in the second quarter, it has contributed directly to the earnings of the company as margins from additional revenues in online media segment are extraordinary high,” the group reported on Friday.

Delfi operations in Estonia remained on last year’s profitable level, but Delfi.lv continues to sink in the red. Delfi.lt had the biggest turnaround in the group, growing 148 percent compared to last year.

“In general, managements view for the rest of the year is cautiously optimistic based mainly on continuous success of the printing services segment export activities and improving revenues in online media segment,” to company said. “We expect also the advertising revenues for periodicals segment to reach 2009 levels at least by the end of the year.” [/private_subscription 1 month] [private_subscription 4 months]quarterly report to shareholders that the second quarter’s good results are derived from cuts made in 2009, an improvement in online advertising and increased export sales growth in printing services.

Online media segment brought in €0.5 million before taxes, which is a full 99 percent higher than last year.

“As online advertising revenues in all the countries have improved during first half of the year and mainly in the second quarter, it has contributed directly to the earnings of the company as margins from additional revenues in online media segment are extraordinary high,” the group reported on Friday.

Delfi operations in Estonia remained on last year’s profitable level, but Delfi.lv continues to sink in the red. Delfi.lt had the biggest turnaround in the group, growing 148 percent compared to last year.

“In general, managements view for the rest of the year is cautiously optimistic based mainly on continuous success of the printing services segment export activities and improving revenues in online media segment,” to company said. “We expect also the advertising revenues for periodicals segment to reach 2009 levels at least by the end of the year.” [/private_subscription 4 months] [private_subscription 1 year]quarterly report to shareholders that the second quarter’s good results are derived from cuts made in 2009, an improvement in online advertising and increased export sales growth in printing services.

Online media segment brought in €0.5 million before taxes, which is a full 99 percent higher than last year.

“As online advertising revenues in all the countries have improved during first half of the year and mainly in the second quarter, it has contributed directly to the earnings of the company as margins from additional revenues in online media segment are extraordinary high,” the group reported on Friday.

Delfi operations in Estonia remained on last year’s profitable level, but Delfi.lv continues to sink in the red. Delfi.lt had the biggest turnaround in the group, growing 148 percent compared to last year.

“In general, managements view for the rest of the year is cautiously optimistic based mainly on continuous success of the printing services segment export activities and improving revenues in online media segment,” to company said. “We expect also the advertising revenues for periodicals segment to reach 2009 levels at least by the end of the year.” [/private_subscription 1 year]

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