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Management buyout drives profits at THE. (News).

Music Week

| October 05, 2002 | COPYRIGHT 2002 UBM Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The success of the THE management buyout two years ago was underlined last week when the company posted its second year of successive trading profits.

Earnings before interest, tax, depreciation and amortisation (Ebitda) reached 5.7m [pounds sterling] in the year which ended in May 2002, compared with last year's 2.3m [pounds sterling] and a loss of 3.1m [pounds ...

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