Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Fairfax Upgrades First Half Earnings to A$175mil


Fairfax Upgrades First Half Earnings To At Least A$175 Million

CHRISTCHURCH, New Zealand, December 16, 2003 – Mr Fred Hilmer, CEO of John Fairfax Holdings Limited [ASX:FXJ] said today that the company expects a first half EBIT of at least A$175 million for the first half of the 2004 financial year.

Mr Hilmer said:

“After a flat July and August, trading in Australia since September has continued to grow, as previously foreshadowed, at about 4% ahead of last year. At the same time, Fairfax New Zealand is trading at stronger levels in all segments of our publications.

“As a result, we expect EBIT for Fairfax of at least A$175 million for the first half of the 2004 financial year.

“We also expect to report Fairfax New Zealand EBITDA of at least NZ$75 million for the first half. Assuming revenue trends continue, this would be consistent with Fairfax New Zealand EBITDA of approximately NZ$140 million for the full financial year, compared with the guidance of EBITDA of NZ$130 million given at the time of the acquisition.”

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.