BMG parent Bertelsmann today (Nov. 9) posted a 14% boost in core earnings in the three months to September compared to the previous year. "Special effects" from the merger of BMG with Sony Corp.'s mu

BMG parent Bertelsmann today (Nov. 9) posted a 14% boost in core earnings in the three months to September compared to the previous year.

The Gütersloh-based media group says operating earnings before interest and tax (EBIT) were €216 million ($279 million) against €189 million ($244 million) in the corresponding period last year. Sales during the period were stable at €3.8 billion ($4.9 billion).

In the first nine months of the year, Bertelsmann reports net profit more than quadrupled to €521 million ($673 million). The media group does not break down third-quarter results for its units.

"Business has been very gratifying in the year to date," says CFO Siegfried Luther in a statement. "We look to the fourth quarter with confidence and continue to expect an improved operating result and slight organic revenue growth for the year 2004 despite a restrained economy."

The group says "special effects" from the merger of BMG with Sony Corp.'s music division were not included in the third quarter figures; it did not indicate when those details would be published.