Canal Plus profits up 14.5% in 1992

Canal Plus, Europe’s leading pay-TV group, has posted a 14.5% increase in net income for 1992. A company statement released yesterday said net income hit 1.1 billion francs ($ 197 million) and revenues were up 13.4% at 8 billion francs ($ 1.4 billion.)


The bottom line was boosted by 179 million francs ($ 32 million) in unrealized capital gains left over from 1991.

The company provided 81 million francs ($ 14 million) to cover investment in financially strapped Carolco but said this largely was been offset by miscellaneous non-recurring income.

The lion’s share of revenues continue to come from 3.5 million French subscribers. Subscription revenues increased 9.7% to 6.4 billion francs ($ 1.1 billion).

Canal Plus has subsidiaries in Germany, Belgium, Spain and parts of Africa. Company reported the foreign channels had reduced losses from 248 million francs ($ 44 million) in 1991 to 143 million francs ($ 25 million) last year.

Canal Plus insiders said they anticipate double-digit growth in consolidated sales and earnings this year.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety