Liberty Global moved to a net profit of USD 702 million in the second quarter, versus a loss of USD 347 million a year earlier, thanks to a gain on the sale of its Australian operation Austar. The cable operator's revenues rose 4 percent year-on-year to USD 2.52 billion, and operating cash flow improved 3 percent to USD 1.19 billion. Growth came mainly from Germany, where it acquired Kabel BW, as well as organic subscriber growth. In Q2, it added 439,000 revenue-generating units for a total 33.82 million. The 19.3 million customers took an average 1.72 products each from the company. Capital expenditure reached USD 994 million in the first six months of 2012, up from USD 967 million a year earlier, while free cash flow rose over the same period to USD 391 million from USD 346 million. The company said it expects cash flow to accelerate in the second half of the year, helped by the strong volumes in H1 and improving margins in Germany. It also confirmed the planned launch of its new Horizon set-top box in the Netherlands in September and Switzerland later in the year. At the mobile service launched in Chile in May, the company said it has already attracted over 30,000 subscribers.
