Prisa 9 mths net 146.07 mln eur, up 47.3 pct; ad rev climbs 52.9 pct UPDATE |
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Mon, 22 Oct 2007 08:14
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(Updates with details on El Pais, Cuatro, Santillana divisions)MADRID (Thomson Financial) - Promotora de Informaciones SA said net profit rose 47.3 pct to 146.07 mln eur in the nine months to September from 99.17 mln a year earlier, as total revenues rose 38.9 pct to 2.695 bln from 1.941 bln.In a statement, Prisa said advertising revenues rose 52.9 pct in the same period.The nine months revenues were boosted by the first time integration of Portugal's Media Capital, where advertising revenues rose 3 pct to 120.4 mln eur.Revenues from the sale of newspapers and magazines rose 5.0 pct in the nine-month period from a year earlier, boosted by a robust performance at the El Pais daily, where circulation increased 4.4 pct in the third quarter compared with a 2.0 pct rise in the second.At its Santillana publishing arm, operating revenues grew 7.9 pct to 416.44 mln eur, with a strong performance in Colombia and Chile. The company noted that sales to institutions in Brazil are expected to be 'substantial' by year-end.At its Sogecable SA unit's Cuatro free-to-air division, advertising revenues totalled 188.62 mln eur.Group EBITDA rose 41.6 pct to 578.15 mln eur in the nine months to September from a year earlier, while EBIT rose 58.0 pct to 360.29 mln eur.tfn.europemadrid@thomson.comped/ped/jdy/sal/jdy/tr/salCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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