Telenor has issued its second quarter results July 21, stating that its Broadcast Division saw revenues grow from NOK1.734 billion (€0.22bn) in the same period last year to 1.791 billion. Operating profits grew by NOK42 million to NOK268 million. Telenor’s Broadcast Division includes the Canal Digital DTH operation, Conax encryption, Norkring transmission arm, C More […]
Apple might be faced with growing competitive pressures from other tablet and smartphone producers, but its own profits, sales and margins remain extremely robust. Apple’s quarterly profit rose to $7.31 billion for its fiscal third quarter, up from $3.25 billion a year earlier. Revenue soared 82 per cent to $28.57 billion. Gross margins rose to […]
Pay-TV group Modern Times Group has published its financial results for the six months ended 30 June 2011. Net sales were up 9 per cent year on year at constant exchange rates and up 3 per cent year on year at reported exchange rates to SEK 3.531 billion (€0,385bn). Record operating income before associated company […]
Dutch cable operator Ziggo has emerged victorious from its lawsuit against Rovi according to the IE Forum – a platform for lawyers in intellectual property protection. Rovi had accused Ziggo of violating its patent for an electronic programme guide. Ziggo claimed the Rovi patent was not valid and won support from the judge, who rejected […]
BBC Worldwide’s Annual Review for 2010/11 shows a big rise in profit – up 10.3 per cent to £160.2 million (2009/10: £145.2m). Profit before tax, including discontinued operations, of £201.2 million includes a gain from the exit from a channels investment sold to partner Discovery in November. The strong levels of growth have helped lift […]
Netgem, a specialist in connected home technologies and solutions, has announced its revenue for the first half 2011. Netgem generated consolidated revenue of €43.2 million, of which around 45 per cent came from international sales, for the period ending June 30th, 2011. International revenues kept growing and reached €19.5 million for the first half of […]
Panasonic expects to see a 59 per cent drop in profits this year as a direct result of the March earthquake and tsunami. Net income, says Panasonic’s guidance, will probably drop to Yen 30 billion ($374m) in the upcoming year to March 2012. There has been a small upside to the catastrophe in that Japan’s […]
This time last week, Permira’s man responsible for its ProSiebenSat.1 investment, Joerg Rockenhaeuser, said the German commercial broadcaster wasn’t up for sale “today or tomorrow”. As readers will fully understand, this doesn’t mean that ‘next week’ a ‘For Sale’ sign won’t appear over the asset. Perhaps helping galvanise thoughts will be a report from investment […]
Kabel Deutschland, Germany’s largest cable operator, reported full-year revenue at the low end of its forecast and announced a lower dividend than anticipated; the shares fell over 5 per cent in early trading. The company said that Chief Financial Officer Paul Thomason won’t renew his contract when it expires in March next year. The full-year […]
Helped by positive market sentiment for its new Ka-band broadband-by-satellite craft, Eutelsat’s share price soared some 2.2 per cent on June 7th. Investment banker Goldman Sachs upgraded Eutelsat’s stock from ’neutral’ to ‘conviction buy’ in another positive move for the satellite operator. The move helped Eutelsat reach a 52-week high (on the Paris bourse) in […]