Murdoch's Fox lifted by X-Men, Rio sequels
Published on Aug 7, 2014 5:59 AM
NEW YORK (AFP) - Rupert Murdoch's media-entertainment group 21st Century Fox on Wednesday posted a quarterly profit of US$999 million (S$1.25 billion), lifted by blockbuster box-office results from its Hollywood studio.
The swing to profit came a year after a loss of US$371 million for the conglomerate which operates the Fox studios and television properties.
Revenues jumped to US$8.4 billion in the three months ending June 30, from US$7.2 billion in the comparable period a year earlier.
The company closed out its first fiscal year since breaking off its publishing operations with an annual profit of US$4.5 billion, compared with US$7.1 billion based on comparable data from the previous year.
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