TITLE

Cuts help EMI boost profits 16% for year

PUB. DATE
May 2003
SOURCE
Hollywood Reporter -- International Edition;5/27/2003, Vol. 378 Issue 41, p73
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Stringent cost cutting allowed EMI Group PLC to increase its bottom line for the fiscal year ending March 31, 2003 even though revenue fell 11.1% because of piracy and competition from other entertainment products, the largest stand-alone music company said Tuesday. In a conference call, EMI chairman Eric Nicoli declined comment on EMI's potential participation in any music industry consolidation.
ACCESSION #
10610593

 

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