Sales and margins forecasts.Future development plans

Thanks to the great results of the new Cairo Group publishing initiatives and the acceleration recorded in the growth trend in advertising sales on the La 7 broadcaster, gross operating revenues for Cairo Communication Group for the 2004-2005 financial year have risen from € 187.8 million last year to around € 202 million. (Gross operating revenues for the 2005 calendar year approximately € 215 million).