Quote:
Originally Posted by Kursk
Haha  . Not even sure what the 'sauce' is for Kushan's profit figures. The Financial times report much larger profits but you can always trust them to post baloney  . |
Stop making up rubbish. The Financial Times reports no such thing.
Quote:
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Originally Posted by Financial Times
Revenues climbed 4.2 per cent year-on-year to £1.03bn over the three months to the end of June
Pre-tax profits over the quarter were £65m, compared with £96.1m over the same period in 2011.
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http://www.ft.com/cms/s/0/1422975c-d...44feabdc0.html (OK the article has a misleading title but that's pretty obvious to anyone who actually read the content)
Funny enough it's pretty much exactly the same as the Times article that craigj2k12 posted:
Quote:
The UK's only remaining big cable company, created in 2006 after repeated rounds of consolidation among the country's loss-making regional operators, has reported full-year net income of £75.9m.
This profit is still tiny compared to the group's £3.992bn annual revenue
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And err... right from the horse's mouth...
http://investors.virginmedia.com/pho...ancial-results
Quote:
Rebased revenue increased 3% to £1,054 million in Q2 [2014] and 2% to £2,098 million YTD
Generated operating income of £39 million in Q2 and £58 million YTD
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http://investors.virginmedia.com/pho...-reportsannual
Quote:
Period from
June 8 to
December 31,
2013
Net earnings (loss) .................................................. ................ £ (488.0)
Period from
January 1
to June 7,
2013
Net earnings (loss) .................................................. ................ £ 99.9
Year ended
December 31,
2011
Net earnings (loss) .................................................. ................ £ 75.9
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... Or a profit of £75.9 million in 2011 and minus £388.1 million pounds in 2013...
Sure you're probably going to cherry pick the 2012 results that show a profit of £2913.4 million... and ignore the fact that £2652.0 million of that came from a tax adjustment:
Quote:
The 2012 amount primarily relates to the reversal of valuation allowances on certain of our U.K. deferred tax assets as these
tax assets were deemed realizable in the period. The reversal of the valuation allowance is attributable to the accumulation
of positive evidence on the realizability of these deferred tax assets.
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Not actual profit. Sorry if the concept of actual profit confused you.