Liberty Global Q3

International cable group Liberty Global third-quarter profit fell from last year, when it recorded a gain on the sale of assets in France, Norway and Sweden. Liberty said it expects the fourth quarter to be the biggest quarter of the year in terms of subscriber growth, and that it expects to grow operating cash flow 14 per cent to 16 per cent.

The company said it does not expect to exceed the low end of its re-based revenue growth target of 10 per cent to 12 per cent because of a revenue shortfall in the Netherlands, Japan and Romania.

In the third quarter, net income fell to $40.4 million (E27.5m) from $445 million a year ago. The most recent quarter included a gain from the sale of its Shopchannel unit in Japan. Revenue was up 8.1 per cent to $2.26 billion.

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