Latest Financial Postings

27 May 2004

Vodafone (full year 2003/4)
    The mobile phone giant cut its full year losses from £6.2 billion ($11.2bn; €9.3bn) to £5bn. On an underlying basis pre-tax profits rose 19% to £10bn, disappointing analysts.
    The company said it planned a full-scale launch of its third-generation (3G) videophone this autumn following trial roll-outs in Spain, Portugal, Germany and Italy.
    It has met with limited success in Japan securing less than 1% of the 3G market.

H J Heinz (calendar Q4)
    The convenience food marketer reported a rise in net income from $102.6 million (€85m; £57m) to $196.5m.
    Quarterly sales increased by 6.3% from $2.19bn to $2.33bn. Volume fell 1% in the US which the company blamed on the move to low-carbohydrate diets.
    Full year net income rose to $804.3m while sales for fiscal 2004 grew 2.2% to $8.41bn.

EMAP (full year 2003/4)
    The publishing to radio group reported a 9% rise in turnover to £1.05 billion ($1.8bn; €1.5bn). Pre-tax profits of £144m compared with £140m for the previous year.
    The group which spent £17 million on launches last year, including men's weekly Zoo and celebrity title Closer, is budgeting for £22m on new titles for the 2005 financial year.
    Overseas, the group's men's title FHM continues to push into new markets but performance of French TV listings magazines Tele Star and Tele Poche have been hit by the surprise entry of rival titles from Bertelsmann subsidiary Gruner + Jahr.

Data compiled from multiple sources; additional content by WARC staff