News Corp in the first quarter of 2015-16 Vigoda increased net profit twice


Earnings per share rose to 0.30 $ 0.11 per dollar a year earlier. Revenue fell by 4.45 per cent to $ 2.014 billion.

MOSCOW, 6 Nov. The net profit of the media holding News Corp, attributable to shareholders in the first quarter of the 2015-2016 financial year (ended 30 September) increased 2.14 times compared to the same period last year and amounted to 189 million dollars, according to the statements of the company.

Earnings per share rose to 0.30 $ 0.11 per dollar a year earlier. Revenue fell by 4.45 per cent to $ 2.014 billion.

According to the company, currency fluctuations had a negative impact on the overall financial results. Excluding currency fluctuations quarterly revenue of News Corp was up 4%.

Mediaholding News Corporation was founded in 1979 by Rupert Murdoch. The media tycoon owns the newspaper the Wall Street Journal, The Times, The Sun and New York Post, Fox News channel and TV company 20th Century Fox, as well as a number of satellite operators and news Agency Dow Jones.