Cost-cutting sees EMI earnings rise

EMI Music today said earnings more than trebled after slashing costs and launching new releases from the likes of Lily Allen and Coldplay.

Cost-cutting sees EMI earnings rise
Thu, 07 May, 2009 - 17:01

EMI Music today said earnings more than trebled after slashing costs and launching new releases from the likes of Lily Allen and Coldplay.

The group posted underlying earnings of £163m (€182.8m) for the year to the end of March - its first full year under the ownership of Guy Hands' private equity group Terra Firma.

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CourtsBusinessHeathrowPlace: USPerson: Lily AllenPerson: Guy Hands'Person: Katy PerryPerson: Robbie WilliamsPerson: Elio Leoni-ScetiPerson: Kylie MinogueOrganisation: EMIOrganisation: EMI MusicOrganisation: ColdplayOrganisation: Terra FirmaOrganisation: Gorillaz
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