Printer Friendly

QVC NETWORK REPORTS 1991 REVENUES; CABLE SHOPPING RETAILER SHOWS 13 PERCENT INCREASE FOR FOURTH QUARTER

 QVC NETWORK REPORTS 1991 REVENUES; CABLE SHOPPING RETAILER SHOWS 13 PERCENT INCREASE FOR FOURTH QUARTER
 WEST CHESTER, Pa., Feb. 13 /PRNewswire/ -- QVC Network, Inc. (NASDAQ: QVCN) today reported its revenues for the fourth quarter and fiscal year ended Jan. 31, 1992.
 Net revenues for the fourth quarter rose 13 percent to $282 million, from net revenues of $250 million in the same period the year before.
 For the fiscal year, net revenues increased 19 percent to a record $922 million, from $776 million the previous year.
 QVC's net revenues exclude shipping and handling charges and also are net of reserves for returns.
 QVC Chairman Joseph M. Segel said he expects final audited figures, including earnings, to be reported by mid-March after completion of the year-end audit.
 The QVC cable shopping channels are now received by 42 million cable subscribers and 3 million satellite dish owners, representing approximately 50 percent of all the homes in the United States with TV sets.
 /delval/
 -0- 2/13/92 R
 /CONTACT: Joseph M. Segel, chairman of QVC Network, 215-430-1020/
 (QVCN) CO: QVC Network, Inc. ST: Pennsylvania IN: ENT SU: ERN


LJ-MP -- PH004R -- 9602 02/13/92 09:37 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 13, 1992
Words:195
Previous Article:VISHAY INTERTECHNOLOGY ANNOUNCES FISCAL 1991 RESULTS
Next Article:FDIC AWARDS BANC ONE $944 MILLION LIQUIDATION CONTRACT
Topics:


Related Articles
QVC REPORTS THIRD QUARTER RESULTS
BET HOLDINGS REPORTS RECORD FIRST QUARTER RESULTS
TIME WARNER REPORTS FOURTH QUARTER AND YEAR END RESULTS
QVC NETWORK REPORTS 1991 REVENUES; CABLE SHOPPING RETAILER SHOWS 13 PERCENT INCREASE FOR FOURTH QUARTER
BET HOLDINGS REPORTS SECOND QUARTER RESULTS
QVC NETWORK REPORTS 1991 EARNINGS OF $.61 PER SHARE VS. 1990 LOSS OF $.98 PER SHARE
TIME WARNER INC. REPORTS THIRD QUARTER RESULTS
QVC REPORTS RECORD THIRD QUARTER; PASSES $1 BILLION IN 12-MONTH REVENUE
QVC REPORTS 1992 EARNINGS OF $1.24 PER SHARE VS. 1991 OF $.61 PER SHARE
Comcast Reports First Quarter 2003 Results.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters