Dori Media

Israeli media company Dori reported strong results for the six months to June, with revenue up 4% to US$26.3m (£17.1m) on the back of increased international sales of its popular soaps.

Dori, which produces a variety of television and new media content, reported a 33% fall in pre-tax profits to $1m after amortisation and depreciation costs, though encouragingly, EBIDTA rose by 17% to $7.5m. Ex-Israeli army major and CEO Nadav Palti argued, 'If you take out the the amorisation and the increase in tax, you can see that our profits were very good', adding that 'we have grown so much we now think it is the right time for us to do some M&A.'

AIM-listed Dori is known for producing a number of ‘telenovelas’, short-running television soaps that are particularly popular in Latin America and known for their far-fetched plots, with recent hits including Lalola, a comedy about a man who hires a beautiful witch to help him find success with women who then ends up trapped in the body of a beautiful woman and harassed by men. The comedy was made in 2007 but has since been sold to 120 countries worldwide.



Enthusiastic Israeli Palti said the future lay in growing in new media, with the company currently producing around 150 3-minute clips a month for its YouTube channel. New media, he insisted, had the ‘biggest potential’ of all its operations.



Growing in emerging markets, Dori is one of the companies that seems well placed to profit from the growing shift towards new media. With house broker Daniel Stewart forecasting earnings of 11.8p for the year to June, the shares are trading at just over six times earnings, a rating which we feel does not reflect Dori's full potential.