AGL 40.17 Increased By ▲ 0.17 (0.43%)
AIRLINK 127.31 Increased By ▲ 0.27 (0.21%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.48 Decreased By ▼ -0.03 (-0.67%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.95 Increased By ▲ 0.51 (1.23%)
DGKC 87.71 Increased By ▲ 0.86 (0.99%)
FCCL 32.70 Increased By ▲ 0.42 (1.3%)
FFBL 65.15 Increased By ▲ 0.35 (0.54%)
FFL 10.26 Increased By ▲ 0.01 (0.1%)
HUBC 109.90 Increased By ▲ 0.33 (0.3%)
HUMNL 14.62 Decreased By ▼ -0.06 (-0.41%)
KEL 5.11 Increased By ▲ 0.06 (1.19%)
KOSM 7.56 Increased By ▲ 0.10 (1.34%)
MLCF 41.60 Increased By ▲ 0.22 (0.53%)
NBP 59.80 Decreased By ▼ -0.61 (-1.01%)
OGDC 194.00 Increased By ▲ 3.90 (2.05%)
PAEL 28.28 Increased By ▲ 0.45 (1.62%)
PIBTL 7.81 Decreased By ▼ -0.02 (-0.26%)
PPL 151.85 Increased By ▲ 1.79 (1.19%)
PRL 26.48 Decreased By ▼ -0.40 (-1.49%)
PTC 16.20 Increased By ▲ 0.13 (0.81%)
SEARL 84.21 Decreased By ▼ -1.79 (-2.08%)
TELE 7.67 Decreased By ▼ -0.04 (-0.52%)
TOMCL 35.39 Decreased By ▼ -0.02 (-0.06%)
TPLP 8.11 Decreased By ▼ -0.01 (-0.12%)
TREET 16.07 Decreased By ▼ -0.34 (-2.07%)
TRG 52.63 Decreased By ▼ -0.66 (-1.24%)
UNITY 26.35 Increased By ▲ 0.19 (0.73%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,953 Increased By 69.4 (0.7%)
BR30 30,908 Increased By 307.7 (1.01%)
KSE100 93,785 Increased By 429.6 (0.46%)
KSE30 29,050 Increased By 119.3 (0.41%)

Manchester United posted sliding quarterly profits Thurs13day as the team paid the price for failing to qualify for the lucrative UEFA Champions League. Operating profit dived one third to £6.2 million (7.2 million euros, $7.7 million) in three months to September 30, or the first quarter of the club's 2016/2017 financial year.
That compared with £9.5 million in the same period a year earlier, the group said in a results statement. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 25 percent to £31.2 million.
"Our financial results for this quarter reflect the impact of our non-participation in the UEFA Champions League," said executive vice chairman Ed Woodward. But he added: "We are pleased that we remain on track to deliver record revenues revenues for the coming year. "During the quarter we added a number of top quality players to our squad, which once again demonstrates our determination to challenge for trophies." The team signed Eric Bailly, Zlatan Ibrahimovic, Henrikh Mkhitaryan and Paul Pogba over the quarter. United failed to qualify for the Champions League with their fifth place finish in the Premier League last season.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.