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Last Updated: Thursday, 13 November, 2003, 12:33 GMT
Yell upbeat on future prospects
Yell logo
Yell has major operations in the UK and US
Yell, Britain's biggest telephone directories publisher, has given an upbeat assessment of its prospects.

Announcing a 7% rise in half-year turnover to 586.6m ($987m), the firm said it was "on track to meet expectations for the full year".

Yell's floatation in July was the largest seen on the London Stock Exchange in two years.

The company said first-half underlying earnings rose 13.3% to 187.6m, from a previous figure of 165.6m.

Growth

Yell also declared its first dividend of 3p per share, which it said reflected strong organic growth.

But at the pre-tax level, the company unveiled a loss of 109.7m - up from a loss of 24.9m a year ago.

Yell said the latest loss reflected 77.3m in non-cash costs related to its stock market flotation.

The company is the biggest supplier of classified directory advertising in the UK, where it operates four businesses - Yellow Pages, Business Pages, Yell.com and the 118247 telephone service formerly known as Talking Pages.


SEE ALSO:
Yell wins FTSE promotion
10 Sep 03  |  Business
Yell loss widens on market float
28 Aug 03  |  Business
Yell shares make bright start
10 Jul 03  |  Business
Yell 'plans 1bn listing'
29 Jun 03  |  Business
BT throws down gauntlet to Yell
06 Aug 02  |  Business


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