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

 

Growth and change for Transmission Holdings

Growth and change for Transmission Holdings Ltd.

The Transmission Holdings Limited (THL) Group has delivered a net profit after tax of NZ$9.8 million for the year ended 30 June 2006, with revenue up by 54 per cent to NZ$201 million.

THL Group Chairman Wayne Brown said the result reflected a year of extraordinary change and growth for the business.

“A year ago, the company was facing some difficulties and uncertainties, but the Board has rectified these problems and established a platform for growth in Australia and New Zealand, and across the Asia-Pacific.

“The acquisition of AAPCS late last year has increased turnover and earnings to give the Australian operations a new level of scale and diversity, and both THL Australia and AAPCS have done well to diversify their income base while still supporting their main customers.

“BCL has had a leading part to play in the development of the country-wide Free-To-Air digital television project, and is focused on becoming more aligned with the needs and demands of the end-user over the next financial year,” he said. “It is also launching its Digital Audio Broadcasting (DAB) trials out of Wellington and West Auckland later this month.”

The return on shareholder equity is 9.7% (compared with 10.9% for the previous year). Earnings before interest, taxes, depreciation and amortisation (EBITDA) were $47.7 million (compared with $45 million for the previous year) and the total 2006 dividend to the shareholder is $6.8 million (compared to $10.6 million for the previous year).

THL Group’s strategy for growth means that a balanced combination of broadcast and telecommunications skills now places the Group firmly in the high-growth sector of technology, media and telecommunications (TMT). Coupled with a shift to de-centralised, profit centre accounting and consolidated business platforms, the company is poised to take on a new name and a new identity - to be announced next week.

“THL Group is undergoing significant change, and the launch of our new name and our new brand is the next logical step in the transformation. We are set to become the region’s leading provider of customised broadcast and telecommunications networks, network services and converged solutions,” says Brown.


About THL Group The THL Group is a communications network services group that includes BCL, THL Australia and AAP Communications Services. The companies of the THL Group provide innovative communications technology solutions to customers in the television, radio,and telecommunications industries across Australia, New Zealand, the Asia Pacific region and beyond.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>