Latest Financials

23 February 2004

Wal-Mart (Q4 and full year)
The globe's biggest retailer posted Q4 profits of $2.72 billion (€2.15bn; £1.45bn), a year-on-year increase of 8.4%. Despite a disappointing period in the US before Christmas, total sales surged by over 12% to $75.2bn.
    For the whole of 2003, Wal-Mart's income totalled $9.05bn, up from $7.96bn in 2002. Revenues jumped from $231.58bn to $258.68bn.

DaimlerChrysler (Q4)
The auto giant posted fourth-quarter net earnings of €1.4 billion, a steep rise on the €327m made in Q4 2002. However, this increase mostly reflected a billion-dollar gain from an asset sale, and revenues dipped 3.2% to €35.21bn.
    One bright spot for DC was its long-suffering US unit Chrysler Group, which managed a Q4 operating profit of €143m. But despite this rise, a large write-off earlier in the year pulled the division down to a €506m operating loss for the whole of 2003.

John Fairfax (fiscal H1)
The newspaper group -- owner of the Sydney Morning Herald -- posted a 43% rise in pre-tax profits to $100.1 million for the last six months of 2003, meeting expectations.
    The company was boosted by better-than-expected results from its collection of nearly eighty titles in New Zealand, purchased last year from Rupert Murdoch's Independent Newspapers.
    Looking to its fiscal second half, Fairfax revealed that Australian display advertising is growing, but the classified sector remains weak.

Charter Communications (Q4 and full year)
The cable company, which serves around 6.6 million US homes, reported a fourth-quarter loss of $58m, a marked improvement on the $1.87 billion deficit a year earlier. Sales climbed 2% to $1.22bn as high-speed data revenues surged 47%.
    For the full year, Charter -- controlled by Paul Allen, co-founder of Microsoft -- recorded a loss of $242m, compared with a $2.52bn shortfall in 2002. Revenues jumped 6% to $4.82bn.

Univision Communications (Q4 and full year)
In its first quarterly results since the acquisition of Hispanic Broadcasting, Univision posted Q4 net income of $58.9 million, up from $36.4m a year earlier. Sales rose 44% to $408.1m as TV revenues jumped 12%.
    For the full year, America's leading Spanish-language media group recorded an 80% jump in net profit to $155.4m, while revenues climbed 20% to $1.3bn.

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