Axel Springer (AXELF.PK) posted higher second-quarter 2012 consolidated net income of 91.1 million euros, compared with 88.2 million euros last year, with earnings per share rising to 0.81 euros from 0.80 euros a year before. Net income attributable to the company's shareholders amounted to 80.2 million euros, an increase from 79.0 million euros in the comparbale period.
On an adjusted basis, consolidated net income totaled 100.2 million euros or 0.87 euros per share, versus 95.4 million euros or 0.85 euros per share in the 2011 period.
Quarterly revenues went up 5.4 percent to 831.4 million euros from 788.8 million euros in the previous year.
Assuming that general economic conditions do not experience a significant deterioration, the company expects to generate a single-digit percentage increase in the Group's total revenues in fiscal 2012. Also, Axel Springer anticipates that the Group's EBITDA for 2012 would be slightly higher than the prior year.
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by RTT Staff Writer
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