21/12/2000
The market remained unimpressed by Birmingham City's preliminary results, which showed ballooning wage costs. However, the effects of the £1.5m increase in wages, an increasing burden for the football industry, was cushioned at the bottom line by a £2.2m profit from the disposal of players. Pre-tax losses came in at £1.5m, on turnover ahead 11% to £9.4m. On the pitch, BC FC's performance has been altogether stronger. As well as reaching the semi-finals in the Worthington Cup, Birmingham is now sitting in third place in the First Division - in tantalising reach of promotion to the Premier League, and the increased media revenues this promises. Birmingham City also continues to roll-out its non-football services to its supporter base. Blues gas, electricity and water will be the new year's addition to a stable of services which already offers Blues telecom, Blues funeral services, Blues mortgages and Blues health insurance.
| Market cap: | £18.4m |
| PE Average: | n/a |
| PE Forecast: | n/a |
| PE Historic: | n/a |
| Share price: | 23p |
| AIM | £22.21m |
27.00p
|
-0.50p
|
|
| Other company articles: |
| 16/05/2002 |
| 21/12/2000 |
| 21/12/2000 |
| 22/06/2000 |
| 13/07/1999 |
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