BMG owner profits up 19% in 9 months to September

by Tom Pakinkis
Wednesday, Nov 13th 2013 at 11:17AM

BMG owner Bertelsmann has posted a 19% increase in profits year-on-year for the first three quarters of 2013.

From January 1 – September 30, the company saw group profits of €622m (£526m) compared €523m (£441m) over the same period in 2012.

Group revenues stood at just under €11.45 billion (approx £9.72bn) for the 2013 period – up slightly from €11.42 billion in 2012.

“This performance makes us optimistic about the remainder of the financial year,” said Bertelsmann chairman and CEO ...

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