Financial results published under IFRS and in Euros
· Revenues[1] up by 21%[2] to Eur84.5[3] million
· EBITDA[4] increased by 32% to Eur35.4 million
· Operating profit up by 115% to Eur12.6 million
· Net profit attributable to shareholders increased by 5% to Eur10.3 million
· Diluted earnings per share marginally up at 12.2 cents per share
· Channel subscribers grew by 3.0 million to 44.8 million households
· Operating cash flow up by 43% to Eur16.3 million
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· Financial position strong with Eur123.4 million cash balances and no debt
1]Throughout this release, revenues exclude our share of non-consolidated joint ventures. In order to facilitate comparison with our prior releases, revenue including our share of non-consolidated joint ventures was Eur87.3 million, compared to Eur71.9 million in the six months ending March 31, 2005.
[2] All comparisons and percentage changes are stated versus the six months ended March 31, 2005; except channel subscribers stated versus September 30, 2005.
[3]2005 comparatives are presented for the first time under IFRS as set out in note 5.
[4] Consistent with prior years, EBITDA is stated before amortisation, impairment and depreciation. EBITDA less amortisation, impairment and depreciation is equal to operating profit.
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