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SATELLITE TODAY :: DAILY NEWS FEED
November 9, 2006
DirecTV Group Inc. reported Nov. 8 that its third-quarter revenues increased 13 percent to $3.67 billion, and its operating profit before depreciation and amortization more than doubled, to $894 million, compared to the same period last year.
The company reported that meantime, operating profit quadrupled and net income more than tripled, to $628 million and $370 million respectively. Earnings per share were $0.30, compared with $0.07 last year.
The financial results include the effect of $325 million of equipment that DirecTV U.S. capitalized during the third quarter under its lease program, implemented on March 1, 2006.
Highlights included a 12 percent increase in revenues to $3.40 billion; an operating profit more than doubling, before depreciation and amortization, to $823 million; and a 31 percent increase in cash flow, before interest and taxes, to $416 million, according to Chase Carey, the company's president and CEO.
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