Mediaset FY net slips to 505 mln eur vs 603, div 0.43 per share, unchanged |
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Published
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Fri, 02 Mar 2007 08:18
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MILAN (AFX) - Mediaset SpA said its full-year net profit fell to a preliminary 505.0 mln eur from 603.4 mln a year earlier due to weak advertising revenues in Italy.Nevertheless, the company said it will maintain its dividend at 0.43 eur per share.Mediaset said gross 2006 advertising revenues at its Italian unit Publitalia were in line with the previous year at 2.956 bln, but fell at a consolidated level to 2.850 bln eur in 2006 from 2.956 bln a year earlier.Meanwhile, the Spanish advertising unit Publiespana booked a 6.1 pct increase in gross revenues to 965.4 mln eur.Mediaset added that its net debt rose to 574 mln eur end-2006 from 358 mln a year earlier.philip.webster@thomson.compw/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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STOCKWATCH Mediaset higher as govt crisis threatens to delay TV reform 