Viasat3 closes first ever profitable half
Viasat Hungária Rt, the Hungarian unit of Sweden's Modern Times Group operating commercial television channel Viasat3, closed the first half of 2006 with operating profits of 1 million Swedish crowns (Ft 29 million), making the period its first profitable first half since starting up in 2000, spokesman Balázs Varró said on Thursday.
Varró attributed the profits to stable viewership, rising prices and increasing advertiser trust. In H1 2005, Viasat had operating losses of 12 million Swedish crowns (Ft 350 million). Viasat's revenue increased 42% to 55 million Sedish crowns (Ft 1.53 billion) in H1 2006 compared to H1 2005.
The channel first had profits in Q4 2005.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.