Financial Reports - In Brief

19 November 2003

Chrysalis (full year)
The British media group reported a surge in pre-tax profits for its fiscal year (ended August) to £23.9 million ($40.4m; €34.3m), compared with £5.8m twelve months earlier. Revenues rose 4.5% to £246m.
    Chrysalis's radio division -- parent of Heart 106.2, which recently became London's top station -- had a particularly good year, with revenues up by 14.1% to £56.1m. This trend has continued since August, with radio sales in the three months to November up 17.5%.

GWR (fiscal H1)
UK radio group GWR -- owner of national network Classic FM -- added to the growing optimism in the sector with upbeat results for the six months ending September. Pre-tax profits totalled £7.6m, up from a £12.1m loss in H1 2002, as sales rose marginally to £62.4m.
    The company added that advertising sales jumped 16% year-on-year in October and are expected to leap 9% this month.

Vodafone (fiscal H1)
The mobile phone titan recorded a loss of £4.25 billion in the six months to September, slightly narrower than the £4.34bn in the same period last year. Revenues jumped 13% to £16.9bn, while EBITDA (earnings before interest, tax, depreciation and amortization) rose from £5.6bn to £6.6bn.

Data sourced from: multiple sources; additional content by WARC staff