Yell Group Annual Revenue Down 12.4%
Cost of sales was Â£820.7m for the full year of 2011, compared to Â£955.3m for the same period of 2010. Gross profit was Â£1.05 billion for the year of 2011, compared to Â£1.16 billion for the same period of 2010.
For the full year of 2011, administrative expenses were Â£650.4m, compared to Â£673.4m for the same period of 2010. Operating profit was Â£329.9m, compared to Â£409.3m for the same period of 2010.
Net finance costs were Â£263.6m for the full year of 2011, compared to Â£339m for the same period of 2010. Profit before taxation was Â£66.3m for the year of 2011, compared to Â£70.3m for the same period of 2010.
Profit for the year was Â£46.7m for the year of 2011, compared to Â£46.8m for the same period of 2010.
The company expects that EBITDA to decrease for the year ending March 31, 2012, within the current market expectations.
In February 2011, the company has appointed Mark Payne as its new COO. Mr Payne will be responsible for the day to day activities at group level, including supply chain, IT, procurement, facilities, customer services, call centre operations and processes.
Yell offers marketing solutions to small and medium sized enterprises in the UK, US, Spain and some countries in Latin America through an integrated portfolio of simple-to-use, cost effective advertising.
Mike Pocock, CEO of the company, said: â€œIn the face of ongoing tough market conditions, we have continued to make good progress with our digital media offering, bringing new products to the market, increasing consumer usage and increasing revenues.
â€œOur market positions in print remain strong and print revenues, though still under pressure, continue to generate significant cash flow. Over the year, Yell has generated over Â£260m of cash and reduced net debt by almost Â£330m.â€
Will the firm increase annual revenue in 2012?
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