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:

  • ENDS

    © Scoop Media

    Business Headlines | Sci-Tech Headlines


    Smelter: Tiwai Deal Gives Time For Managed Transition

    Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


    Economy: Strong Job Ad Performance In Quarter Four

    SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

    NIWA: 2020 - NZ’s 7th-warmest Year On Record

    The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

    Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

    Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>

    PriceSpy: Research Reveals How Shopping Behaviours Have Changed This Christmas

    According to a new survey* from PriceSpy , almost 50 per cent of Kiwis are looking to shop locally this Christmas in light of Covid-19; The research also found consumers are changing their shopping habits, with one in seven (14 per cent) getting super-organised ... More>>

    Commerce Commission: Noel Leeming Group Warned For Making Delivery Representations Without Reasonable Grounds During COVID-19 Lockdown

    Noel Leeming Group has been warned by the Commerce Commission for making delivery representations about two products which, in the Commission’s view, it did not have reasonable grounds for at the time the representations were made. The warning ... More>>