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Article: Private Media Group Announces Record Revenues of EUR 39.4 Million for the Year Ended December 31, 2002.
- Article from:
- PR Newswire
- Article date:
- March 31, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Private Media Group Inc. a worldwide leader in premium-quality adult entertainment products, services and Internet content, is pleased to announce record revenue of EUR 39.4 million for the year ended December 31, 2002. Net income for the year was EUR 0.3 million including a charge of EUR 1.6 million related to the postponed equity offering in January of 2002.
Broadcast sales for the year ended December 31, 2002 jumped 45% to EUR 4.1 million and DVD sales for the year ended December 31, 2002 increased 30% to EUR 15.5 million. Internet sales fell 22% to EUR 6.1 million in 2002 compared to the year 2001. In addition magazine and VHS sales fell 15% to EUR 13.8 ...