Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Manchester United PLC    MANU   KYG5784H1065

MANCHESTER UNITED PLC (MANU)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 02/23 09:59:47 pm
19.7 USD   -0.25%
02/23MANCHESTER UNIT : What a save! Five greats from hero shot-stoppers
AQ
02/23THE DOC : Duncan was greatest of them all
AQ
02/23MANCHESTER UNIT : Stream players
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Manchester United 2nd-Quarter Profit Off 61% on Higher Operating Expense, Year Earlier Tax Benefit

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/14/2013 | 01:45pm CET
  By Tess Stynes 
 

Manchester United PLC's (>> Manchester United PLC) fiscal second-quarter earnings fell 61% as the British soccer team posted higher operating expenses and the year-earlier period included a tax benefit.

Manchester United last month acquired British Sky Broadcasting Group PLC's (>> British Sky Broadcasting Group plc) one-third minority stake Manchester United Television, giving the sports club complete ownership of the unit.

The famed soccer club is owned by the Glazer family, headed by American businessman Malcolm Glazer. The role of the Glazers, who took on debt to purchase the team for $1.47 billion in 2005, stirred the ire of some fans, who worried the new debt would restrict the team's ability to keep and attract top talent. In an effort to reduce its debt load, Manchester United went public on the New York Stock Exchange in August.

For the quarter ended Dec. 30, Manchester United reported a profit of 16.2 million British pounds ($25.1 million), or 10 pence (16 cents) a share, down from GBP42.1 million, or 27 pence a share, a year earlier. The year-earlier period included a tax credit of GBP22.9 million. Revenue increased 8.7% to GBP110.1 million ($170.7 million).

Analysts polled by Thomson Reuters most recently projected earnings of GBP15.83 on revenue of GBP111 million.

Operating expenses increased 11% as staff costs increased 14% amid new player signings, player wage increases and growth in commercial headcount.

Commercial revenue jumped 29% amid growth in sponsorship deals, which rose 49%.

Matchday revenue, which includes ticket sales, was down 2.8%, mainly because of one less domestic cup home game being played in the period.

Broadcasting revenue rose 4.8%.

The company had gross debt of GBP366.6 million, compared with GBP439 million a year earlier.

BSkyB is 39% owned by News Corp. (NWSA, NWS.AU, NWS). News Corp also owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.

Shares of Manchester United, which affirmed its fiscal year guidance, closed Wednesday at $18.71 and were inactive premarket. The stock is up 21% since the Manchester United Television announcement.

Write to Tess Stynes at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article
ChangeLast1st jan.
MANCHESTER UNITED PLC -0.25% 19.7 Delayed Quote.-0.25%
SKY 0.59% 1104.5 Delayed Quote.9.14%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MANCHESTER UNITED PLC
02/23MANCHESTER UNITED : Man Utd boss Jose Mourinho avoids war of words with Chelsea ..
AQ
02/23MANCHESTER UNITED : Reluctant keeper Martin Dubravka makes right impression at N..
AQ
02/23MANCHESTER UNITED : Mourinho says Chelsea games mean ‘less and less’..
AQ
02/23MANCHESTER UNITED : Paul Pogba needs to up his game to win back trust of José Mo..
AQ
02/23MANCHESTER UNITED : The dreaded drop
AQ
02/23MANCHESTER UNITED : Ander Herrera ruled out of Man United's clash with Chelsea
AQ
02/23MANCHESTER UNITED : Juan Mata's 'Common Goal' to use football for good purpose
AQ
02/23MANCHESTER UNITED : Arsenal boss Arsene Wenger vows to attack Manchester City in..
AQ
02/23MANCHESTER UNITED : De Gea to renew his contract with Manchester United
AQ
02/23MANCHESTER UNITED : Real Madrid leads list of teams Man United star Paul Pogba s..
AQ
More news
News from SeekingAlpha
02/08MANCHESTER UNITED : I Remain On The Sidelines 
02/08Manchester United (MANU) Q2 2018 Results - Earnings Call Transcript 
02/08Manchester United reports Q2 results 
02/07Notable earnings before Thursday?s open 
01/25Manchester United-An Investment Promising More Reward Than Risk. 
Financials ( GBP)
Sales 2018 591 M
EBIT 2018 45,5 M
Net income 2018 -30,0 M
Debt 2018 159 M
Yield 2018 1,08%
P/E ratio 2018 -
P/E ratio 2019 128,09
EV / Sales 2018 4,24x
EV / Sales 2019 3,88x
Capitalization 2 348 M
Chart MANCHESTER UNITED PLC
Duration : Period :
Manchester United PLC Technical Analysis Chart | MANU | KYG5784H1065 | 4-Traders
Technical analysis trends MANCHESTER UNITED PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 16,1  GBP
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Richard Arnold Group Managing Director & Director
Joel Glazer Executive Co-Chairman
Avram A. Glazer Executive Co-Chairman
Cliff Baty Chief Financial Officer
Edward Woodward Executive Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
MANCHESTER UNITED PLC-0.25%3 274
TUI1.43%12 886
MERLIN ENTERTAINMENTS-5.98%4 963
CINEWORLD GROUP PLC-12.03%4 599
ILG INC13.45%4 008
MAKEMYTRIP LIMITED0.34%2 746