For the six months ended June 30, 2023, Telenet Group Holding NV reported a total revenue of €1,406.9 million, which represented a 9% increase compared to the same period in 2022 when the revenue was €1,291.6 million. The company’s cost of services provided for the first six months of 2023 amounted to €768.8 million, showing an 18% increase from the previous year’s €652.8 million. The gross profit for the six months remained relatively stable at €638.1 million, with a marginal 0% change compared to the same period last year, which recorded €638.8 million. Operating profit, however, experienced an 11% decline, reaching €261.7 million in 2023 compared to €293.2 million in 2022. Finance income significantly dropped by 87%, reaching €69.4 million in 2023 compared to €534.0 million in the previous year. On the other hand, finance expenses decreased by 42%, amounting to €204.1 million in 2023 versus €351.8 million in 2022. As a result, the company recorded a net finance expense of €134.7 million in 2023, in contrast to a net finance income of €182.2 million in 2022. The total comprehensive income for the period saw a negative value of €9.6 million in 2023, compared to a positive value of €813.3 million in 2022.
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TELENET GROUP HOLDING, July 25th 2023
Date de publication :25/07/2023