Manchester United expect higher revenue, core earnings for 2019



English Premier League soccer club Manchester United forecast higher revenue and core earnings for 2019, even as the company reported lower results for the fourth quarter of 2018.

Adjusted earnings before interest, tax, depreciation and amortization for 2019 are expected to be between 175 million pounds and 190 million pounds, the 20-time English champions said.

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Revenue for 2019 is expected to be between 615 million pounds and 630 million pounds, United said.

It reported adjusted EBITDA of 177.1 million pounds and revenue of 590 million pounds for 2017-18 on Tuesday.

(Reuters/NAN)

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Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design & development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

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