Entertainment and communication services major Virgin Media, Inc. (VMED.L) Wednesday posted higher profit for the first quarter citing increased gain on derivative instruments, reduced loss on extinguishment of debt and reduced interest expense. Further, the top line was ahead of the comparable period last year on increased revenue from cable.
For the three months, the company posted net income of 138.9 million pounds, up from 7 million pounds last year. On a per share basis, earnings were 46 pence versus 2 pence a year earlier.
Revenue for the period rose to 1.042 billion pounds from 1.006 billion pounds a year back, with cable contributing 725.8 million pounds, up from 678.3 million pounds last year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.