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Sogecable increases 61% the losses in the first trimester
Digital+ incorporated in this first trimester of 2006 more than 25,000 new subscribers, and so the clients of the company were placed in 1.985.000 although Sogecable registered losses of 20.1 million Euros

The inter-annual variation of the net result is derived, essentially, of the negative contribution of the activities of Four (that initiated its emissions in open in past November) in the period, partially compensated with the improvements obtained in the financial results.

The results of the first trimester of Sogecable register a net number of businesses (invoicing) of 436.6 million Euros, with an increase of 41.1 million (10.4 percent) with respect to the first trimester of the previous year.

In the first trimester of 2006, Sogecable carried out investments for the sum of 145.4 million Euros, number that in the three first months of 2005 was placed in 22,3 million Euros.

The income of Four rose to 30.9 million Euros and were the main origin of the increase of the invoicing, next to the growth of the income of subscribers to the pay television, with a inter-annual increase of 12 million Euros.

The Digital+ platform incorporated in this first trimester of 2006 more than 25,000 new subscribers, and so the clients of the company were placed in 1.985.000.

As far as the data of hearing of Four, the chain of new creation registered in December an average quota of screen of 4.9%; in January of 5%; February of the 5.3 percent; and March of the 5.6 percent; the one of April to date of today number in the 5.8 percent, according to explained the delegated adviser, Javier Ten of Polanco.

The gross result of operation (EBITDA) spent of 77.2 million Euros to 46.7 million when comparing the first trimester of 2005 with the one of 2006.

The net result of operation (EBIT) of the activities of pay television in the trimester ascended to 13.9 million Euros, with an increase of the 7.6 percent against the obtained one to 31 of March of 2005.

The EBIT of the operations of abierto television in supposed a loss of 26.6 million Euros to 31 of March of 2006.

In the first trimester of this year, the net banking debt ready by Sogecable ascended to 1,045, 9 million Euros, against the 1,100, 7 million Euros in the same period of the previous year.


(Efe, 19/04/06)








 
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