AFP, Berlin :
German publishing giant Bertelsmann reported Wednesday a profit rise for the first half of 2016 as it pushes on to become a “more digital and more international” media conglomerate.
Bertelsmann, which owns broadcasting group RTL and most of publisher Penguin Random House, said group profit rose 21.1 percent to 482 million euros ($537 million), on revenues of 8.0 billion euros.
The company said it generated more than a quarter of its revenues outside Europe, with the United States as its second-largest market.
“We have become more digital and more international — we will continue on this path in the second half of the year,” said chief executive Thomas Rabe in a statement.
“The best operating result in Bertelsmann’s history, the high profitability of our businesses, and significantly improved group profit of nearly a half billion euros give us confidence for the full year,” he went on.
German publishing giant Bertelsmann reported Wednesday a profit rise for the first half of 2016 as it pushes on to become a “more digital and more international” media conglomerate.
Bertelsmann, which owns broadcasting group RTL and most of publisher Penguin Random House, said group profit rose 21.1 percent to 482 million euros ($537 million), on revenues of 8.0 billion euros.
The company said it generated more than a quarter of its revenues outside Europe, with the United States as its second-largest market.
“We have become more digital and more international — we will continue on this path in the second half of the year,” said chief executive Thomas Rabe in a statement.
“The best operating result in Bertelsmann’s history, the high profitability of our businesses, and significantly improved group profit of nearly a half billion euros give us confidence for the full year,” he went on.
