Earnings down at Dori Media

Dori Media Group yesterday posted an operating loss of $3.2m (£1.96m) for the year ending December, down from a $1.6m profit last year. Group revenues fell to $47m from $48.7m in 2009, whilst gross profits dropped to $11.4m from $15.4m. President and finance chief of the company Nadav Palti said that the firm remained confident about its prospects for 2011. “Trading for the first three months of 2011 has been strong and our business operations are stable and cash generative,” he said.