Log in
E-mail
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  - 09/28 10:02:01 pm
17.31 USD   +0.35%
07:11a MANCHESTER UNIT : Mata has found a home at united, says mourinho
09/28 MAN UNITED'S RO : Mourinho
09/28 MANCHESTER UNIT : manager Mourinho 'feels sorry' for Allardyce
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
07:11a MANCHESTER UNITED : Mata has found a home at united, says mourinho
09/28 MAN UNITED'S ROONEY MAY NOT START AG : Mourinho
09/28 MANCHESTER UNITED : manager Mourinho 'feels sorry' for Allardyce
09/28 MAN UTD’S FIVE-A-SIDE FOOTBALL : report
09/28 MANCHESTER UNITED : When the FA Cup had a third-place play-off and its first pen..
09/28 FOOTBALL TRANSFER RUMOURS : Manchester United back in for José Fonte?
09/27 MANCHESTER UNITED : Celtic and Manchester City now worlds apart but power of Cel..
09/27 MANCHESTER UNITED : City's Pep effect could be ominous for Celtic
09/26 MANCHESTER UNITED : Terry injured, Cahill comical, Luiz irresponsible – An..
09/26 MANCHESTER UNITED : Juan Mata’s technique and vision should make him one o..
More news
Sector news : Leisure & Recreation - NEC
09:00a MERLIN ENTERTAINMENTS : says London attractions struggling despite weaker pound
09/26DJVAIL RESORTS : Revenue Grows on Season Pass Sales
09/23DJMarriott Completes Acquisition of Starwood Hotels & Resorts
09/21 China property developers may issue $150 billion in bonds in 2016
09/20DJTRIPADVISOR : Refugee Crisis Spurs Companies to Act
More sector news : Leisure & Recreation - NEC
News from SeekingAlpha
09/22 Don't Expect To Score Big With Manchester United
09/21 MANCHESTER UNITED : Too Big To Fail, But Still Overvalued
09/21 CELTIC PLC. : Impending Catalyst For Significant Upside With The Luck Of The Iri..
09/14 Manchester United And The Brexit Effect
09/12 Manchester United's (MANU) Management on Q4 2016 Results - Earnings Call Tran..
Advertisement
Financials ( GBP)
Sales 2017 536 M
EBIT 2017 33,7 M
Net income 2017 19,0 M
Debt 2017 238 M
Yield 2017 1,16%
P/E ratio 2017 187,16
P/E ratio 2018 60,93
EV / Sales 2017 4,51x
EV / Sales 2018 3,96x
Capitalization 2 181 M
More Financials
Chart MANCHESTER UNITED PLC
Duration : Period :
Manchester United PLC Technical Analysis Chart | MANU | KYG5784H1065 | 4-Traders
Full-screen chart
Technical analysis trends MANCHESTER UNITED...
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 14,7  GBP
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Richard Arnold Group Managing Director & Director
Joel Glazer Executive Co-Chairman
Avram A. Glazer Executive Co-Chairman
Cliff Baty Chief Financial Officer
Edward Woodward Executive Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MANCHESTER UNITED PLC-2.81%2 839
EXPEDIA INC-6.69%17 385
TRIPADVISOR INC-24.83%9 334
TUI AG-24.93%8 403
MERLIN ENTERTAINMENTS ..3.05%6 210
SIX FLAGS ENTERTAINMEN..-2.42%4 980
More Results