07-05-2014, 13:09
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#45
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Inactive
Join Date: May 2012
Location: Probably outside the M25
Services: Sky Fibre Unlimited 40/10
Posts: 3,473
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Re: Liberty Global to reveal 1st Quarter Results on May 6th.
Virgin Media sales are a bit flat under the Cable Cowboy's reign
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Virgin Media has been part of Cable Cowboy John Malone's Liberty Global family for almost a year now. Yet the takeover hasn't boosted the UK telco's flat first quarter sales, which the City was told about this morning.
Although growth in consumer and mobile revenue had rose, overall sales climbed a slender 0.1 per cent, to £1.044bn, compared with the £1.042bn the company posted for the same period a year ago.
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The ISP no longer breaks out its net income and profit figures now that it is part of Liberty Global, which noted that VM's bottom line would be hit by a change in UK law for charging VAT in connection with prompt payment discounts.
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