Spain's top media group Prisa, publisher of leading daily El Pais, reported Monday a net loss of 53 million euros in the second quarter of 2012 due in part to falling advertising revenue. Operating income fell by 5.1 percent compared to the comparable period of 2011 to 626 million euros ($759 million), it said in an earnings statement. The company is striving to cut costs and last year announced a cut of nearly 20 percent of its global staff. It posted a loss of more than 451 million euros in 2011 after taking provisions on its Portugal business. In the latest full quarter, its earnings before interest, taxes, depreciation and amortization fell by 13.2 percent to 103.9 million euros compared to the second quarter of last year, it said. Prisa said advertising revenues fell in key markets Spain and Portugal but Latin American operations plus its pay-TV and online services helped offset this, with the El Pais news website notching up 7.6 million users. It said its results were affected by 54.4 million euros in provisions set aside to settle a dispute with communications group Ono. Over the first six months of this year the group recorded a loss of 61.1 millions euros, of which 53.09 million were in the April to June period, Prisa said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor