Financial Roundup: Major Marketers, Media
UK (calendar H1)
Pre-tax profits for the family owned business, which publishes the Eastern Daily Press and Recorder series plus a stable of successful county magazines, were up by 17.6% to £16.6 million ($30.55m; €24.92m) for the twenty-six weeks to 26-Jun-04.
Turnover across the group also saw a robust increase on the same period in 2003, with revenues rising 18.3% to £78m.
Archant chairman Richard Jewson, said: "Given a strong economy and the group's progress in the first half of the year, the board expects that continued growth can be achieved in the second half.
Global (calendar Q2)
The UK flag carrier reported a profit of £70 million ($128.82m; €105.06m) on Monday for the three months ended June 30, in contrast to a year-on-year loss of £63m. Total sales at rose by 5.1%to £1.93 billion.
The quarterly figures are "strong, but progress from here will be more difficult," opined Dresdner Kleinwort Wasserstein in a note to investors.
USA (calendar Q2)
America's sixth largest player in its ailing cable industry posted a year-on-year revenue increase of 17%, while sales at its Rainbow Media Group, which includes AMC and the Independent Film Channel, soared 56%.
Overall revenue rose 25%to $1.2 billion (€978.7m; £652.06m). Cablevision also forecast revenue for the full year would rise 13% to 15%, compared with the 12%-14% predicted earlier this year.
Despite the forced cheer on the revenue front, the brutal fact is that the company lost $187.1 million compared with a profit of $158.3 million in the year ago quarter. The deficit stemmed from higher interest expenses and losses on investments.
USA (calendar Q2)
The nation's number four cable operator said it lost $415 million (€338.47m; £225.51m) in the quarter compared year-on-year with a loss of $37 million.
The deficit was far worse than analysts had expected and coincides with a decline in the number of the company's basic cable TV customers. The St Louis-headquartered company shed a net 58,800 television subscribers in the quarter.
Revenue, however, increased 1.8% to $1.24 billion, mainly thanks to a leap in the number of high-speed internet customers
Data sourced from multiple origins; additional content by WARC staff