Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Catalyst Media NAV soars, swings to annual profit; increases dividend

30th Dec 2022 11:01

(Alliance News) - Catalyst Media Group on Friday said its net asset value per share soared and it swung to an annual profit, while it also declared an increased total dividend from nil a year prior.

The London-based media solutions provider and 21% shareholder of betting services supplier Sports Information Services Holdings Ltd said NAV per share on June 30 was 168.90 pence, multiplying from 52.30p a year earlier.

Shares in Catalyst Media were up 4.6% to 125.00p each in London on Friday morning.

Pretax profit in the financial year that ended June 30 was GBP7.0 million, swinging from a restated loss of GBP7.8 million a year earlier.

Revenue was up 68% to GBP218.3 million from GBP130.1 million, while operating expenses narrowed by 51% to GBP211.5 million from GBP140.0 million. It also said it benefited from reversing historic impairment charges relating to the carrying value of its interest in SIS to GBP23.4 million from a loss of GBP1.6 million.

It also declared a total dividend of 3.3p to shareholders, up from nil a year earlier and reflecting its positive trading performance.

Catalyst Media said it was informed by SIS it expects to close its financial year ending in March with an increased turnover compared to the previous year.

"SIS has started its new financial year well, and management continues to pursue and win new business opportunities both in terms of content acquisition, most recently securing new rights for South African Horseracing, and new customers, with the most recent deals announced being Spreadex in the UK and Estelarbet in South America," said Chair Michael Rosenberg.

"SIS has also recently launched the first of its esports offerings in New Jersey with bet365 as its first customer which marks another significant step in the further geographic diversification of the business."

By Greg Rosenvinge, Alliance News reporter

Comments and questions to [email protected]

Copyright 2022 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value7,952.62
Change0.00