Basler Zeitung Medien reports lower sales and higher profits
The Basler Zeitung Medien Group presents a mixed result for the 2005/2006 financial year. Although turnover fell, net profit rose by 62.9 percent to CHF 4.31 million.
The Basler Zeitung Medien (BZM) group of companies presents a mixed result for the 2005/2006 financial year. Although turnover fell, net profit rose by 62.9 percent to CHF 4.31 million. The operating profit (EBITDA) increased by CHF 4.19 million to CHF 31.84 million. The parent company Basler Zeitung generated income of CHF 3.89 million compared to CHF 2.6 million in the previous year. Accordingly, the rest of the company generated a net profit of 0.4 million francs.
Last year, the Group focused on the activities of its strategic goals in the core region of Northwestern Switzerland, as detailed in a press release. The successful business results are also attributable to the drastic reduction in operating expenses totaling CHF 12.7 million. According to the SDA news agency, the BZM Group now has 923 employees, which corresponds to a decrease of 10 percent compared to the same period last year.
Those responsible at the media company are optimistic about the coming year. They want to further reduce operating costs and continue to keep an eye on the production companies. In addition, the Group's synergy potential has not yet been exhausted. A small profit is expected for the Radio Basel 1 station.
Last year, the Group focused on the activities of its strategic goals in the core region of Northwestern Switzerland, as detailed in a press release. The successful business results are also attributable to the drastic reduction in operating expenses totaling CHF 12.7 million. According to the SDA news agency, the BZM Group now has 923 employees, which corresponds to a decrease of 10 percent compared to the same period last year.
Those responsible at the media company are optimistic about the coming year. They want to further reduce operating costs and continue to keep an eye on the production companies. In addition, the Group's synergy potential has not yet been exhausted. A small profit is expected for the Radio Basel 1 station.
