EMI warns market woes will dent first-half profit

PUBLISHED : Tuesday, 22 September, 1998, 12:00am
UPDATED : Tuesday, 22 September, 1998, 12:00am
 

London: EMI said problems in key markets would push operating profit in the six months to September 30 down 20 per cent year-on-year. Markets in Southeast Asia continued to weaken while Brazil, the most important music market in Latin America, had contracted a quarter in the first months of EMI's financial year. The comments were likely to be a further blow for EMI shares, which have fallen 25 per cent in the past six months.


Share

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Enter multiple addresses separated by commas(,)

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.