Scrutineer:Share Price Gloom Hides a More Upbeat Musical Market
Linked as:
Summary
A TUMBLING share price may not suggest it, but yesterday's annual results and trading statement from music major EMI had more positives than negatives for the first time in quite a while.
EMI's key recorded music business may have seen sales dip by 2 per cent in its latest trading year, but that compares with an industry decline in a continued challenging environment of nearer 6 per cent.See the full content of this document
Extract
Scrutineer:Share Price Gloom Hides a More Upbeat Musical Market
The much stronger cash position of the company - through a mixture of sales, outsourcing and restructuring - has led to a handy 13 per cent cut in net debts.
Quite impressively, profit margins have managed to...See the full content of this document
Sponsored links
