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Perform Marks First Year With Revenues Up 53%

The digital sports rights company has reported revenues up 53% to £103m, although pre-tax profits were halved due to charges related to acquisitions and listing on the London Stock Exchange.

Perform, whose largest shareholder is U.S. billionaire Leonard Blavatnik, said that adjusted earnings before, interest, tax, depreciation and amortisation rose an impressive 79% to £18.5m.

Pre-tax profits fell 52% to £3.5m, as Perform notched up charges including £3.2m relating to listing on the London Stock Exchange last April, £1.8m in acquisitions and £4.8m relating to share options.

Perform, perhaps best known for delivering the online-only broadcast of England's international football match against the Ukraine in 2009, has four main sources of revenue.

Read the whole story at The Guardian »

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