Financial Reports - In Brief

24 November 2003

Walt Disney Company (fiscal Q4)
The media mammoth posted net income of $415 million (€348m; £243m) for the three months to September, up from $175m in the same quarter last year. Revenues rose 5% to $7 billion, while operating income surged 54% to $830m.

The group's media networks division had a particularly strong quarter, with revenues up 8% to $2.6bn and operating profits doubling to $298m. Disney's cable networks performed best, posting an 11% rise in sales. However, the ABC broadcast TV network saw operating losses widen from $23m to $79m despite a 6% revenue rise.

Bertelsmann (calendar Q3)
The German-headquartered media giant, whose chairman quit last week [WAMN: 20-Nov-03], reported a Q3 profit of €13m, up from a €384m loss in the same quarter last year. Revenues dropped from €4.2bn to €3.9bn.

SABMiller (fiscal H1)
The world's second-largest brewer unveiled "sparkling" results for the six months to September. Pre-tax profits surged 78% to $666m as revenues rose 59% to $6.33bn.

The South Africa-headquartered company benefited from last year's purchase of Miller Brewing, as well as 8% organic volume growth in Europe and "explosive" expansion in Russia.

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