Nippon Television Network Corp. said Thursday its group net profit for the first half to Sept. 30 plunged 45.3 percent from a year earlier to 10.87 billion yen. Group pretax profit fell 35.9 percent to 23.1 billion yen on a 9.3 percent drop in operating revenues to 170.37 billion yen.
Although it targeted advertisers hoping to capitalize on the summer’s World Cup soccer broadcasts and extended broadcasting hours for night baseball games, it said it could not overcome declining ad revenues.
The company said it plans to pay a full-year dividend of 50 yen, which breaks down into midterm and yearend dividends of 25 yen each. It paid 120 yen per share in 2001.
For the full year to March 31, the company forecasts group net profits of 21.2 billion yen, down from 34.65 billion yen the previous year. Pretax profits are expected to be 43 billion yen, down from 62.66 billion yen, on projected operating revenues of 335.2 billion yen, down from 358.68 billion yen.
Fuji TV profit falls 19%
Fuji Television Network Inc. said Thursday its group net profit for the first half to Sept. 30 fell 18.8 percent from a year earlier to 10.24 billion yen.
The broadcaster said the TV industry is having a hard time amid the downtrend in the advertising market, which began in the latter half of the 2001 business year.
In its consolidated earnings report, Fuji TV posted a pretax profit of 21.18 billion yen in the April-September period, down 15.7 percent, with revenues of 215.22 billion yen, down 2.3 percent.
The company will pay an interim dividend of 600 yen per share, up from 450 yen the previous year. It plans to pay a yearend dividend of 600 yen, meaning the full-year payments will amount to 1,200 yen per share, down from 1,750 yen a year earlier.
For the full year through March 31, Fuji TV forecasts a group net profit of 16 billion yen and a pretax profit of 34.5 billion yen on revenues of 418.5 billion yen.
In 2001, the company logged a group net profit of 17.3 billion yen and a pretax profit of 44.69 billion yen on revenues of 436.9 billion yen.
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