Results reflect a resilient performance from its core publishing with operating profit +17% to $21.7m. Also, following the exit of Books & Gifts Direct there is an impairment charge of $14.2m leading to a reported loss before tax of $1.3m. Adjusted PBT amounted to $13.8m below our $15.4m, reflecting higher losses at BGD, offset by better publishing results. EPS increased by 19% to 54.7c and a final dividend of 9.87c has been recommended. In light of new financial reporting structures, dis
31 Mar 2017
FY2017 results – Focus on core publishing
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FY2017 results – Focus on core publishing
- Published:
31 Mar 2017 -
Author:
Peter Ashworth -
Pages:
2
Results reflect a resilient performance from its core publishing with operating profit +17% to $21.7m. Also, following the exit of Books & Gifts Direct there is an impairment charge of $14.2m leading to a reported loss before tax of $1.3m. Adjusted PBT amounted to $13.8m below our $15.4m, reflecting higher losses at BGD, offset by better publishing results. EPS increased by 19% to 54.7c and a final dividend of 9.87c has been recommended. In light of new financial reporting structures, dis