Business
Final Results
Final Results.
About this update from Catalyst Media Group Plc
[{"type":"text","content":"\n \nRNS Number : 5568X Catalyst Media Group PLC 20 December 2019 \n\n20 December 2019\n \nCatalyst Media Group plc\n(\"CMG\" or the \"Company\")\n \nFinal Results for the year ended 30 June 2019\nPosting of Annual Report and Accounts\nNotice of Annual General Meeting (\"AGM\")\n \nThe Board of Catalyst Media Group plc is pleased to announce the final results for the Company for the year ended 30 June 2019. CMG is a 20.54% shareholder in Sports Information Services (Holdings) Ltd (\"SIS\") and the results for the year to 30 June 2019 incorporate its share of the profits of SIS for its year ended 31 March 2019.\nFinancial overview\n· CMG loss before taxation £0.61 million (following an impairment charge of £4.3 million of the carrying value of the interest in SIS) (2018: profit before taxation £0.95 million)\n· Loss per share 2.8p (2018: profit per share 4.6p)\n· Net asset value per share 67.7p (2018: 126.2p)\n· SIS revenues for the year ended 31 March 2019 £241.4 million (2018: £191.5 million)\n· SIS operating profit excluding profit on sale of SIS Live £2.9 million\n· SIS profit before tax £20.7 million (2018: £6.9 million)\nPost period end\n· SIS approved and paid a dividend of £5 million on 31 October 2019 to its shareholders\n· On receipt of its share of the SIS dividend, being £1.03 million, the Board of CMG approved the distribution of £1.05 million to CMG's shareholders by way of a dividend of 5p per share\no The dividend was paid on 22 November 2019 to CMG shareholders on the register of members as at 8 November 2019\no Following the payment of the dividend, the Company had a cash balance of approximately £0.32 million\nPosting of Annual Report & Accounts and Notice of AGM\nThe Company will today be posting its Annual Report and Accounts for the year ended 30 June 2019, together with a formal notice of AGM and form of proxy, to shareholders. Copies of these documents will shortly be available on the Company's website at www.cmg-plc.com. \nThe AGM is to be held at 6 Stratton Street, London W1J 8LD on 20 January 2020 at 11.00 a.m.\nEnquiries:\n \...