Thread: Ntl reaches 'first profit'
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Old 06-05-2004, 12:27   #3
Charlie_Bubble
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Re: Ntl reaches 'first profit'
Erm: "As a result, Q1 revenues increased by 7 per cent to £585m from £546.5m last year. And for the first time in the company's history, NTL achieved break-even operating income of £2.2m, compared to a £54.1m operating loss in Q1 2003. Net loss fell by 62.6 per cent to £65.4m compared with a net loss of £174.7m for the same period in 2003"

So, in actual fact they made a smaller loss than the same period last year, not a profit.

Revenue = company earnings before costs and expenses.
Operating income = income before interest payments and income taxes.
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