12th Sep 2013 11:22
LONDON (Alliance News) - Centaur Media PLC Thursday reported higher full year revenues in the financial ended June 30, but an operating loss, due to a hefty non-cash goodwill impairment charge.
The business information, events and marketing services group declared a final year dividend of 2.4 pence, an increase of 7%, and maintained a positive outlook for 2014.
Centaur Media reported a pretax loss of GBP37.4 million for the year, compared with a pretax profit of GBP2.7 million a year earlier, due to the GBP39.2 million write down of goodwill in its marketing, professional and financial segments, as well as restructuring and acquisition-related costs. It reported a net loss of GBP38.4 million.
It said full year revenues rose 10% to GBP72 million, compared with GBP65.6 million a year earlier, as its digital, subscription and events business continued to grow.
Centaur Media said that its revenue mix is continued to improve, with digital contribution increasing to 35%, paid-for content increasing to 28%, and contributions from events increasing to 36%.
It said that advertising revenues fell to 35% of total revenues as planned, compared with 43% of revenue last year, as the company increased the proportion of revenues from digital, paid-for content and events, rather than print and advertising. It said print revenues now account for only 28% of total revenues, compared with 38% last year.
Centaur Media said its events and subscription-based businesses delivered strong growth during the year, and are well positioned to accelerate growth into 2014.
Centaur Media share were 3% or 1.33 pence higher at midday Thursday, trading at 44.83 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Centaur