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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.
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%) |
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