NZME Limited Announces Consolidated Earnings Results for the Six Months Ended June 30, 2016
September 29, 2016 at 04:08 am IST
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NZME Limited announced consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenue from continuing operations of $196,634,000 against $213,596,000 a year ago. Loss before income tax was $2,772,000 against $7,845,000 a year ago. Loss from continuing operations was $64,294,000 against $5,956,000 a year ago. Profit is attributable to owners of the parent entity was $46,876,000 against $12,437,000 a year ago. Basic and diluted earnings per share loss per share from continuing operations were $35.0 against $3.7 a year ago. Net cash inflows from operating activities were $42,230,000 against $37,685,000 a year ago. Payments for property, plant and equipment was $4,842,000 against $7,632,000 a year ago. Payments for intangibles including software were $1,474,000 against $1,640,000 a year ago. EBITDA was $32.5 million against $32.4 million a year ago. EBIT was $20.4 million.
NZME Limited is a New Zealand-based company, which is engaged in the operation of an integrated media and entertainment business. The Company operates through three segments: Audio, Publishing and OneRoof. Audio segment consists of terrestrial radio stations, digital iHeartRadio, podcasts and Radio brand websites. Publishing segment consists of print publications and digital news websites including nzherald.co.nz. and BusinessDesk. OneRoof segment comprises oneroof.co.nz and dedicated real estate print publications. OneRoof Herald Homes and OneRoof Local provide local property listings. Housing market trends, insights and commentary, as well as tips that buyers, sellers, renters and homeowners need, can also be found online at oneroof.co.nz. The Companyâs subsidiaries include NZME Australia Pty Limited, NZME Educational Media Limited, NZME Holdings Limited, NZME Investments Limited, NZME Print Limited, NZME Publishing Limited, NZME Radio Investments Limited and others.