Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Solid First Half Result For Canwest Mediaworks

Monday, 3 April 2006

Solid First Half Result For Canwest Mediaworks

Four and half cents per share interim dividend to be paid to shareholders on 15 May 2006

AUCKLAND – CanWest MediaWorks (NZ) today reported its financial results for the six month period ended 28 February 2006. Revenues were $129.5 million, a 4% increase on the corresponding period last year. Earnings before interest, income tax, depreciation and amortisation (EBITDA) were $34.0 million.

This is a 10% decrease on the corresponding period last year, however, as flagged by the Company in October 2005 and again in December 2005, the reduction was anticipated due largely to a different spread of local programming costs across the fiscal year for TVWorks. This is expected to reverse over the second half of the financial year, such that EBITDA for the full financial year should finish above last year’s result, on the assumption that the New Zealand advertising market conditions remain as we expect.

The Company announced that an interim dividend of 4.5 cents per share will be paid on 15 May 2006 to shareholders of record on 5 May 2006. The interim dividend will carry full imputation credits. This is a 12.5% increase on the four cents per share interim dividend paid last year, due to improved cash flows from operations.

Full Report:

  • http://img.scoop.co.nz/media/pdfs/0604/F2006_Interim_Results__Media_Release__FINAL_3_April2006.pdf
  • ENDS

    © Scoop Media

     
     
     
     
     
    Business Headlines | Sci-Tech Headlines

     

    Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

    The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

    ALSO:

    Tomorrow, The UN: Feds President Takes Reins At World Farming Body

    Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

    ALSO:

    I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

    BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

    ALSO:

    Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

    Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

    Earlier:

    Marketing Rocks!
    Ig Nobel Award Winners Assess The Personality Of Rocks

    A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

    ALSO:

    Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

    Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news