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German broadcaster ProSiebenSat.1 has reported that its fiscal 2016 consolidated net profit from continuing operations climbed 14 per cent to €444 million from €391 million in 2016. The company increased its revenues by 17 per cent to €3.80 billion from €3.26 billion last year.
“ProSiebenSat.1 Group, supported by a German domestic economy that continues to be positive, has made a good start to the first quarter of 2017. The Group is confident of continuing to grow substantially in 2017,” it said in a statement.
ProSiebenSat.1 said it predicts another record year on the back of a strong German economy, which will feed into its advertising revenues after its 2016 core profit and revenues beat expectations.