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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BRT Apartments Corp | NYSE:BRT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.04 | -0.22% | 18.48 | 18.76 | 18.3401 | 18.76 | 25,264 | 01:00:00 |
FRANKFURT--German media group Bertelsmann said after-tax profit rose in the first quarter of the year, boosted by acquisitions and restructuring.
Profit jumped 35% to 143 million euros ($162.3 million) from EUR106 million in the year-earlier period. Revenue rose slightly, to EUR3.92 billion from EUR3.90 billion a year ago, despite divestments.
"Based on our high level of profitability we can continue to drive the Group's transformation forward -- including by expanding our education business, where we made significant progress in the first quarter," Chief Executive Thomas Rabe said.
Bertelsmann acquired Alliant International University in February and increased its stake in service group Synergis Education in March. Over the long term, education is to become the company's third pillar, in addition to media content and services.
Bertelsmann has said it is aiming for annual revenue of EUR20 billion within five years. In 2014, revenue was up 3.1% at EUR16.7 billion.
email: nikki.houston@wsj.com
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