Comcast Corp., Philadelphia, the fourth-largest U.S. cable-television company, credited its retailing unit, QVC, with helping its positive first quarter results this year. The company reported consolidated revenues of $1.374 billion for the three months ended March 31, 1999, a 9.5% increase from the $1.254 billion reported in the same period in 1998.
QVC revenues increased 19.3% to $649.6 million in the first three months of 1999 as compared with the $544.6 million reported in the same period of 1998. Operating cash flow for the quarter was $130.9 million, an increase of 37.6% from the $95.1 million reported in the first quarter of 1998. QVC’s results reflect double-digit revenue and operating cash flow growth in each of its businesses in the United States, the United Kingdom and Germany.
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