M6: earnings up to the first half
The first half of fiscal 2010, the M6 (metropolis TV) grew by 9.4% of consolidated sales, which totaled 742.1 million euros. All activities have contributed to this growth: the advertising revenue of the group (M6 channel, digital channels, the Internet) is up 10% at June 30, 2010, while non-advertising revenues are up 8.7%.
Net profit for the period amounted to 84.4 million euros, an increase of 5.5%. Net margin reached 11.4% at June 30, 2010 against 10.3% at June 30, 2009.And operating profit rises 23.3% to 132.5 million euros.
Figures better than what was expected analysts, who believe that the real catalyst (which permits actions M6 mounting) is the group's ability to realize its ambitions in terms of external growth, given the past success of the group the subject cash advance loans.
M6 is in fact actively seeking targets in the areas of DTT, the broadcasting rights and the Internet. However, this strategy is currently hampered by the lack of significant opportunities.
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