Thursday, October 27, 2005
BUSINESS MODELS: 50-city Metro free-daily chain posts QT3 loss
Luxembourg, 20 October 2005 - Metro International S.A. ("Metro") (MTROA, MTROB), today announced its financial results for the third quarter and nine months ended 30 September 2005.
NINE MONTHS ENDED 30 SEPTEMBER 2005
25% year on year increase in net sales to US$ 258.4 million (US$ 207.0 million)
Operating loss of US$ 8.0 million (US$ 13.1 million)
US$ 15.9 million profit on the sale in the first quarter of a 49% interest in Metro Boston to The New York Times Company
Net loss of US$ 12.9 million (US$ 14.4 million)
Weighted average basic loss per share of US$ 0.02 (US$ 0.02)
NINE MONTHS ENDED 30 SEPTEMBER 2005
25% year on year increase in net sales to US$ 258.4 million (US$ 207.0 million)
Operating loss of US$ 8.0 million (US$ 13.1 million)
US$ 15.9 million profit on the sale in the first quarter of a 49% interest in Metro Boston to The New York Times Company
Net loss of US$ 12.9 million (US$ 14.4 million)
Weighted average basic loss per share of US$ 0.02 (US$ 0.02)
