Monday, November 30, 2015   

Bertelsmann earnings rise to 498m euros
(03-26 18:08)

German media and publishing giant Bertelsmann said it expected further growth this year after a “gratifying'' business performance in 2013.
“Bertelsmann delivered a gratifying business performance in 2013,'' said chief executive Thomas Rabe.
“Our figures demonstrate our company's economic capacity and solid financing. On this basis, in 2014 we will continue to work on making Bertelsmann a faster-growing, more digital, and more international company,'' Rabe said.
In 2013, Bertelsmann's net profit improved by 4.4 percent to 498 million euros.
Underlying, or operating profit, edged up 1.3 percent to 1.754 billion euros on a 1.8-percent rise in sales to 16.356 billion euros.
“In financial year 2013 Bertelsmann demonstrated its high profitability, and the group is in excellent financial shape,'' said chief financial officer Judith Hartmann.
“All the signs point to expansion and we have the resources available for it. For 2014, Bertelsmann expects strong revenue growth, continued high profitability, and a positive development of group profit,'' Hartmann said.–AFP

Other Business breaking news:
Greek pensioners vow to defy proposed cuts (11-27 16:52)
Skin care drug prices rocketed by 401pc since 2009, US study finds (11-27 16:48)
High flying Brazil banker held in Petrobras graft scandal (11-27 16:38)
Hang Seng tumbles at close (11-27 16:33)
Nikkei closes lower (11-27 16:31)
China stocks dive over broker investigations (11-27 15:06)
Japan's jobless rate at 20-year low, consumer spending drops (11-27 12:49)
HK, China stocks drop at mid day (11-27 12:25)
Global airlines industry predicts China’s emergence as largest travel market (11-27 12:22)
CITIC Securities confirms China regulator’s investigation (11-26 20:04)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.