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  - 06/18 10:02:01 pm
21.2 USD   +1.44%
06/16MANCHESTER UNIT : Jones is moving past his Cup final Hazard
AQ
06/15MANCHESTER UNIT : Fixture list is kind to Wolves
AQ
06/15ALBION : No choice with Evans clause
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

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 CEST
  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 1.44% 21.2 Delayed Quote.5.56%
SKY 0.30% 1341 Delayed Quote.32.11%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MANCHESTER UNITED PLC
06/18MANCHESTER UNITED : most valuable soccer team in the world - Forbes
AQ
06/18MANCHESTER UNITED : Romelu Lukau in red-hot form, but Belgium toil despite 3-0 P..
AQ
06/18MANCHESTER UNITED : Man United's Romelu Lukaku scores twice as Belgium beat Pana..
AQ
06/18EGYPT CAN HURT RUSSIA : Mourinho
AQ
06/18MANCHESTER UNITED : most valuable soccer team in the world - Forbes
AQ
06/18MANCHESTER UNITED : most valuable soccer team in the world - Forbes
AQ
06/18MANCHESTER UNITED : Romelu Lukaku double ensures Belgium stroll to win against P..
AQ
06/18MANCHESTER UNITED : Martinez feels privileged to lead his stars
AQ
06/18MANCHESTER UNITED : Martinez feels ‘privileged’ to have top Belgian ..
AQ
06/18MANCHESTER UNITED : Supporters meet sports heroes at charity feast
AQ
More news
News from SeekingAlpha
05/17Manchester United's Stock Is Overstretched 
05/17Manchester United (MANU) Q3 2018 Results - Earnings Call Transcript 
05/17Manchester United updates guidance 
05/17Manchester United reports Q3 results 
05/16Notable earnings before Thursday?s open 
Financials ( GBP)
Sales 2018 587 M
EBIT 2018 45,8 M
Net income 2018 -22,5 M
Debt 2018 146 M
Yield 2018 0,97%
P/E ratio 2018 -
P/E ratio 2019 114,11
EV / Sales 2018 4,66x
EV / Sales 2019 4,25x
Capitalization 2 591 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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 16,3  GBP
Spread / Average Target 1,9%
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 PLC5.56%3 436
TUI16.02%13 554
MERLIN ENTERTAINMENTS4.57%5 142
CINEWORLD GROUP PLC-6.92%4 495
MAKEMYTRIP LIMITED25.29%3 429
THOMAS COOK GROUP-9.19%2 272