Friday, March 29, 2024
 
Columnist
Martin Hennecke
 
BIRMINGHAM INTL
HKEx Stock Code : 02309 
 
Corporate Profile
The principal activities of the subsidiaries are engaged in (i) professional football operation; (ii) entertainment and media services and (iii) investment holding.

Business Review - For the year ended June 30, 2012

Football Operation Business

BCP is a company domiciled in the United Kingdom, the principal activities of BCP and its subsidiaries (collectively refer to as the ¡§BCP Group¡¨) was the operation of a professional football club in the United Kingdom. The revenue streams of BCP Group comprised of (i) gate receipts which consisted of season and matchday tickets; (ii) broadcasting revenue, including distribution from the Football Association and Championship broadcasting agreements, cup competitions and revenue from the local media; and (iii) commercial income which comprised of sponsorship income, corporate hospitality, merchandising, conference and banqueting and other sundry revenue.

BCP Group contributed a turnover of approximately HK$490 million to the Group's turnover for the year. It contributed a profit before additional depreciation for revalued property and amortisation of intangible assets of approximately HK$78 million and a net profit of approximately HK$215 million to the Group's profit for the year (2011: net loss of approximately HK$687 million).

The first year in the Championship was very rewarding and the BCP group almost secured immediate return to the Premier League for the season 2011/2012 as BCFC was in the play offs. Unfortunately, BCFC was eliminated in the play offs semi-final against Blackpool.

Business Outlook - For the year ended June 30, 2012

The Group will continue to manage the business prudently and to ensure that the BCP Group will adhere to the financial fair play rules which will be effective in the UK that requires clubs to be self sufficient in the long term. BCFC shall continue to prepare for its second year in the Championship in the season 2012/2013 and will continue to drive for success and would aim to return to the Premier League.



Source: Birmingham Int'l (02309) Annual Results Announcement
Chairman Yeung Ka Sing, Carson Issued Capital (shares) 3,888M
Par Value HKD 0.01 Market Capitalisation (HKD) 599M
 
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