Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 07/25 10:02:01 pm
16.1 USD   --.--%
07/25 MANCHESTER UNIT : Best of the rest
07/25 DAVID MOYES : 3 reasons why he is the best appointment for Sunderlan..
07/25 MANCHESTER UNIT : Mkhitaryan thanks Chinese fans for warm reception
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 tess.stynes@dowjones.com

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MANCHESTER UNITED PLC
07/25 MANCHESTER UNITED : Best of the rest
07/25 DAVID MOYES : 3 reasons why he is the best appointment for Sunderland
07/25 MANCHESTER UNITED : Mkhitaryan thanks Chinese fans for warm reception
07/25 MANCHESTER UNITED : derby in Beijing called off after bad weather
07/25 MANCHESTER UNITED : Sports TV/radio for Monday, July 25
07/25 FOOTBALL : Juventus gets Higuain, Pogba to Man. Utd
07/25 Borussia Dortmund and Evonik, An international success story
07/25 FOOTBALL : Juventus gets Higuain, Pogba to Man. Utd
07/25 MANCHESTER UNITED : Weather scuppers Manchester derby in China
07/25 MANCHESTER UNITED : Meet the model turned chief executive who has walked into a ..
More news
Sector news : Leisure & Recreation - NEC
07/21DJLufthansa Shares Plunge on Profit- Warning
07/20DJLufthansa Issues Profit Warning, Cites Recent Terror Attacks
07/12DJAirbus Sees Pressure to Raise Aircraft Production
07/12DJTUI EXECUTIVE : Talking with Boeing on New Plane Concept
06/24DJCompanies Scramble to Assess Vote's Impact
More sector news : Leisure & Recreation - NEC
News from SeekingAlpha
07/20 Undervalued Cal-Maine Foods Is Overvalued!
06/01 MANCHESTER UNITED : New Signings Key For Stock Price
05/30 Manchester United's Share Price Can Still Go Higher
05/27 Manchester United hires Jose Mourinho as manager
05/26 Van Gaal Out, Mourinho In - Now What?
Advertisement
Financials ( GBP)
Sales 2016 507 M
EBIT 2016 77,9 M
Net income 2016 37,2 M
Debt 2016 288 M
Yield 2016 1,07%
P/E ratio 2016 51,22
P/E ratio 2017 37,83
EV / Sales 2016 4,50x
EV / Sales 2017 3,96x
Capitalization 1 993 M
More Financials
Chart MANCHESTER UNITED PLC
Duration : Period :
Manchester United PLC Technical Analysis Chart | MANU | KYG5784H1065 | 4-Traders
Full-screen chart
Technical analysis trends MANCHESTER UNITED...
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 13,6  GBP
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MANCHESTER UNITED PLC-9.60%2 612
EXPEDIA INC-5.71%17 438
TRIPADVISOR INC-17.78%10 213
TUI AG-34.47%7 084
MERLIN ENTERTAINMENTS ..4.52%6 326
SIX FLAGS ENTERTAINMEN..8.23%5 546
More Results