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General Cable Increase Losses

General Cable Increase Losses

General Cable PLC reported an increase in losses from £ 8.7 million in 1995 to £11.7 million in June 1996. Depreciation charges and increased interest were the main factors accounting for this. The interim results published today also reported that 26% of revenue came from business telecommunications, 43 % from residential telephony and 31% from cable television.

The following tables represent the operating statistics for cable television.

Equity Operating Statistics

Cable TV 6 mths ending 30th June 1996 6 mths ending 30th June 1995
Homes live 460,669 342,194
Subscribers 99.459 76,174
Penetration of homes marketed 23% 24%
Annualised avg rev per customer £234 £226
Gross churn 29% 37%
Net churn 23% 30%
Pay to basic ratio 127% 117%
Turnover £9,047 £6,523
The equity results are based amounts attributable to percentage ownership of the company (TCC 83.5%; YCG 50%; BCC 45%)

Aggregate Operating Statistics

Cable TV 6 mths ending 30th June 1996 6 mths ending 30th June 1995
Homes live 807,544 597,469
Subscribers 184,571 141,434
Penetration of homes marketed 24% 25%
Annualised avg rev per customer £228 £219
Gross churn 28% 37%
Net churn 22% 30%
Pay to basic ratio 126% 113%
Turnover £19,870 £14,457
Aggregate is based on 100% of the item concerned for all franchises, disregarding percentage ownership

General Cable: 0171 393 2828

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