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


Jasons Travel Media Announces Revised Projection

4 MAY 2009
Jasons Travel Media Announces Revised Year End Projection

Jasons Travel Media today announced an unaudited year end consolidated net profit before tax of $1.224m, for the year ended 31 March 2009 (last year: $1.552m). Profit after tax will be in the vicinity of $787k (last year: $982k).

Although this is the second highest operating surplus the company has achieved, it is below earlier projections, due to the general effects of the current economic climate.

Chairman Geoff Burns said that the core print and web products and the distribution business, including recent acquisitions, continued to perform well. However, he noted that smaller publications, particularly some local maps and guides, have suffered contraction in revenue, compared to earlier expectations.

The Board anticipates maintaining last year’s fully imputed final dividend of 1.5 cents per share net, making a fully imputed total of 3 cents per share, for the year.

Mr Burns advised that the announcement of the audited year end result, and comment on progress for the 2009/10 year, would be made in early June.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Auckland: Quarterly Update: Rents Stable During Third Quarter

The average weekly rent for a home in Auckland moved less than $1 during the third quarter, ending 30 September at $606.25, according to data from more than 16,000 rental properties managed by Barfoot & Thompson... More>>

Electricity Authority: Review Of Competition In The Wholesale Electricity Market Raises Questions

In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura gas facility in Spring 2018... More>>

Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>

LAWA: New Zealand Lakes Are Diverse In Their Condition And Type

Freshwater scientists have come together through the Land, Air, Water Aotearoa (LAWA) project to summarise the condition of New Zealand’s monitored lakes. They have found a varied picture of lake condition... More>>

Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>

Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>