German cable operator Kabel Deutschland (KBDHF.PK) Thursday reported a profit for the fourth quarter, helped by higher revenues and lower expenses.
For fiscal year 2011/2012, the company proposed a dividend payment of 1.50 euros per share and said it intends to propose a dividend at the same level for fiscal year 2012/2013.
Profit attributable to equityholders of the parent was 59.52 million euros ($74.86 million) or 0.67 euros per share compared to a loss of 153 thousand euros or 0.00 euros per share last year.
Revenues increased 8.5 percent to 442.37 million euros from 407.75 million euros. Adjusted EBITDA grew 8.9 percent to 205.6 million euros.
Selling expenses declined nearly 21 percent to 99.75 million euros. Total blended monthly average revenue per user, or ARPU, per subscriber grew 9.2 percent to 15.05 euros.
The company added 71.1 thousand Internet and Phone subscribers, up 4.6 percent from December 31, 2011. Further, Premium TV Revenue Generating Units, or RGUs, increased 8.5 percent quarter on quarter.
For the full year, profit attributable to equityholders of the parent was 159.41 million euros or 1.78 euros per share and revenue advanced 6.3 percent to 1.7 billion euros. The company added 251.6 thousand Internet and Phone subscribers during the year.
Looking ahead, the company expects full year adjusted EBITDA of 855.0 million euros to 870.0 million euros and annual revenue growth between 7.5 percent and 8.5 percent.
The stock closed in Frankfurt on Wednesday higher by 1.6 percent at 46.56 euros on 273,478 shares.
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by RTT Staff Writer
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