Man Utd posts rise in second-quarter earnings

Published 03/12/2024, 07:18 AM
Updated 03/12/2024, 07:20 AM
© Reuters. FILE PHOTO: Soccer Football - Premier League - Manchester United v Aston Villa - Old Trafford, Manchester, Britain - December 26, 2023 General view of seats before the match REUTERS/Carl Recine /FILE PHOTO
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(Reuters) - Manchester United (NYSE:MANU) kept its 2024 forecast unchanged on Tuesday after posting a rise in profit for the second quarter due to its participation in the early stages of the lucrative UEFA Champions League this season.

© Reuters. FILE PHOTO: Soccer Football - Premier League - Manchester United v Aston Villa - Old Trafford, Manchester, Britain - December 26, 2023 General view of seats before the match REUTERS/Carl Recine /FILE PHOTO

The Premier League club, which was knocked out of the Champions League and recently welcomed new minority shareholder Jim Ratcliffe, reported net income of 20.4 million pounds ($26.10 million) for the three months ended Dec. 31, compared with 6.3 million pounds a year earlier.

($1 = 0.7816 pounds)

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