The Financial Situation (79 Viewers)
- Thread starter ReBeL
- Start date
The Board of Directors approves figures for the third quarter of 2009/2010. Revenues amounted to € 62.7 million, essentially unchanged compared to € 62.8 million in the third quarter of the previous financial year; Operating Costs for the third quarter came to a total of € 50.8 million, an increase of 9.16% compared to € 46.5 million in the corresponding period of the previous financial year, due mainly to the players’ wages and technical staff costs and other expenses; the Operating Result for the third quarter was positive for € 3 million, against a positive balance of € 8.9 million in the corresponding period of the previous financial year; the third quarter of the 2009/2010 financial year closed with a Net Profit of € 0.5 million, against a net profit of € 7.1 million in the same period of the previous financial year.
The cumulative Net Result at 31 March 2010, reflecting the seasonal nature typical of the sector, was positive for € 14.7 million, against the positive balance of € 21.7 million in the same period of the previous financial year. The fourth quarter of the financial year will be characterised by lower revenues due to the lack of proceeds from European tournaments, and the lower number of matches scheduled to be played and will thus present, as in past trends, a negative net result. Therefore, on the basis of the information currently available and in the absence of any extraordinary events, the 2009/2010 financial year is expected to be closed recording a limited negative net result. Shareholders’ Equity at 31 March 2010 amounted to € 116.3 million, an increase compared to € 101.8 million at 30 June 2009 due mainly to the result for the period. The Net Financial Position at 31 March 2010 was positive for € 10.4 million, a decrease compared to the positive balance of € 25.6 million at 30 June 2009, due to the expenses made for the transfer campaign and the investment in the stadium under construction.
Juventus.com
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Nothing unexpected..
The cumulative Net Result at 31 March 2010, reflecting the seasonal nature typical of the sector, was positive for € 14.7 million, against the positive balance of € 21.7 million in the same period of the previous financial year. The fourth quarter of the financial year will be characterised by lower revenues due to the lack of proceeds from European tournaments, and the lower number of matches scheduled to be played and will thus present, as in past trends, a negative net result. Therefore, on the basis of the information currently available and in the absence of any extraordinary events, the 2009/2010 financial year is expected to be closed recording a limited negative net result. Shareholders’ Equity at 31 March 2010 amounted to € 116.3 million, an increase compared to € 101.8 million at 30 June 2009 due mainly to the result for the period. The Net Financial Position at 31 March 2010 was positive for € 10.4 million, a decrease compared to the positive balance of € 25.6 million at 30 June 2009, due to the expenses made for the transfer campaign and the investment in the stadium under construction.
Juventus.com
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Nothing unexpected..
we posted a loss this quarter?
