Business
Final Results for the year ended 30 June 2020
Final Results for the year ended 30 June 2020.
About this update from Catalyst Media Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1826K\n Catalyst Media Group PLC\n 31 December 2020\n \n \n \n 31 December 2020\n \n Catalyst Media Group plc\n (\"CMG\" or the \"Company\")\n \n Final Results for the year ended 30 June 2020\n Notice of Annual General Meeting (\"AGM\")\n \n \n \n \n The Board of Catalyst Media Group plc is pleased to announce the final results for the Company for the year ended 30 June 2020. CMG is a 20.54% shareholder in Sports Information Services (Holdings) Ltd (\"SIS\") and the results for the year to 30 June 2020 incorporate its share of the profits of SIS for its year ended 31 March 2020.\n \n \n \n \n \n Financial overview\n \n \n · \n CMG loss before taxation £1.1 million (following an impairment charge of £1.2 million of the carrying value of the interest in SIS) (2019: loss of £0.6 million following £4.3 million impairment charge)\n \n \n · \n Loss per share 5.27p (2019: loss per share 2.80p)\n \n \n · \n Net asset value per share 60.7p (2019: 67.7p)\n \n \n · \n SIS approved and paid a dividend of £5.0 million on 31 October 2019 to its shareholders\n \n \n o \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\n \n \n · \n SIS revenues for the year ended 31 March 2020 £212.6 million (2019: £241.4 million)\n \n \n · \n SIS operating profit, prior to litigation fees, of £3.6 million (2019: £7.4 milliuon)\n \n \n \n \n \n Notice of AGM\n \n \n The Annual Report and Accounts for the year ended 30 June 2020, together with the notice of AGM and form of proxy, will shortly be available on the Company's website at \n www.cmg-plc.com\n .\n \n \n \n \n \n The AGM is to be held at 6 Stratton Street, London W1J 8LD on 10 February 2021 at 10.00 a.m. In light of the current Covid-19 situation, the General Meeting will be held as a closed meeting.\n \n \n \n \n \n Enquiries:\n \n \n \n \n \n Catalyst Media Group Plc\n \n \n Michael Rosenberg, Non-executive Chairman 07785 727 595\n \n \n Melvin Lawson, Non-executive Director 020 7734 8111\n \n \n \n \n \n \n Strand Hanson Limited\n \n ...