Liberty Global 3Q results show profit deadline

9 Nov 2007

International cable group Liberty Global Inc has reported that its third-quarter profit fell compared to last year, when it recorded one-off gains from the sale of assets in France, Norway and Sweden. The company, which holds US media mogul John Malone’s non-US cable assets that span much of Europe as well as cable systems in Japan and Latin America, said it does not expect to exceed the low end of its rebased revenue growth target of 10%-12% because of a revenue shortfall in the Netherlands, Japan and Romania. In the third quarter net income fell to USD40.4 million from USD445 million a year ago. Operating cash flow rose 53% to USD918 million, while revenue was up 8.1% to USD2.26 billion.

United States, Liberty Global (incl. LGI)