Business Services Industry
News Corp feels the pressure of worldwide downturn.
Australasian Business Intelligence, February, 2002
Feb 14, 2002 (The Courier-Mail
ABIX via COMTEX) -- Shares in US-Australian mass media giant News Corporation fell more than five per cent or $A0.73 to $A12.77 on 13 February 2002. The fall came after the company reported an 18.7 per cent fall in 2001-2002 first half pre-abnormal net profit to $A697m. After abnormals, the company posted a net loss of $A1.04bn compared with a loss of $A475m the previous corresponding period. On a positive note, group sales rose to $A14.64bn from $A12.77bn previously. CEO, Rupert Murdoch, says the company performed "admirably" considering what he called the worst advertising market since World War II..
NEWS CORPORATION LIMITED - ASX NCP
By Richard Owen
All copyright subsisting under the Copyright Act...
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