Press release content from PR Newswire. The AP news staff was not involved in its creation.
Nielsen Reports 1st Quarter 2021 Results
May 6, 2021 GMT
NEW YORK, May 6, 2021 /PRNewswire/ Today, Nielsen Holdings plc (NYSE: NLSN) announced its results for the quarter ended March 31, 2021. These results reflect the March 5, 2021 sale of the Global Connect business for $2.4 billion in net proceeds, which resulted in a $542 million preliminary gain on sale, net of taxes, recognized in the quarter. Of the net proceeds, $2.28 billion were used for debt reduction in March and April 2021. Beginning in the first quarter of 2021, Global Connect results were reclassified to discontinued operations for all periods presented.
Follow us Get news via Twitter
Become a fan Join us on Facebook
Subscribe Net News via RSS
Nielsen Revenues, Income Rise In First Quarter 2021
May 6, 2021 at 4:43 AM (PT)
Q1 Results
NIELSEN HOLDINGS PLC first quarter 2021 revenues increased 2.5% (1.3% on a constant currency basis, and 2.3% on an organic basis) year-to-year to $863 million, with the Audience Measurement segment up 2.8% to $632 million and the Outcomes & Content segment up 1.8% to $231 million. Net income from continuing operations increased 89% to $106 million (29 cents/share); Adjusted EBITDA rose 19% to $388 million. The company s MARCH 5th sale of its GLOBAL CONNECT business for $2.4 billion fell in the quarter; that business was classified as discontinued operations for reporting purposes.
Saga Communications Q1 Net Revenue Down 15.5%. Reporting its financial data for the first quarter of 2021,
Saga Communications announces net revenue for the period was $22.3 million, a decline of 15.5% from the $26.1 million reported in Q1 of 2020. Station operating expense decreased $3.3 million to $18.9 million for the quarter compared to the same period last year. Station operating income was $4.7 million, down from the $5.5 million reported in the first quarter 0f 2020. Free cash flow increased 21.4% to $1.8 million for the quarter. Saga Communications reports net income of $758,000 in the first quarter, compared to $1.7 million in Q1 2020. The companyâs balance sheet reflects $56.3 million in cash on hand as of March 31, 2021 and $57.4 million as of May 3, 2021. Sagaâs total bank debt remained at $10 million as of the end of the first quarter 2021. Capital expenditures in the first quarter were $534,000 compared to $1 million for the same period last year. Saga
United Oil, Kuwait Energy make gas find in Egypt
May 4, 2021 2:57:pm
Summary
by: Daniel Graeber
Posted in:
United Oil, Kuwait Energy make gas find in Egypt
United Oil and Gas, a London-registered company, said May 4 it made a commercial natural gas discovery in Egypt while working alongside the national subsidiary of Kuwait Energy.
United completed the ASD-1X exploration well, located just northeast of the producing Al-Jahraa field, on March 30, ahead of schedule and under budget. Preliminary data shows the well ran encountered net pay of at least 22 m across several intervals.
That notice allows the companies to submit an application for development.
LTI erkänns som en av de främsta aktörerna i Norden prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.