Business
Half-year Report
Half-year Report.
About this update from Catalyst Media Group Plc
[{"type":"text","content":"\n \nRNS Number : 0918U Catalyst Media Group PLC 27 March 2019 \n\n27 March 2019\n \nCatalyst Media Group Plc\n(\"CMG\", \"Catalyst\" or the \"Group\")\n \nInterim Results for Six Months Ended 31 December 2018\n \nCatalyst Media Group Plc announces its interim results for the six months ended 31 December 2018.\n \nCMG is a 20.54% shareholder in Sports Information Services (Holdings) Ltd (\"SIS\") and the results include its share in the profits of SIS as an equity accounted associate.\n \nFinancial Highlights for the six months to 31 December 2018\n· CMG profit after taxation and before adjustment to investment valuation of £0.42 million (2017: £0.34 million)\n· Earnings per share of 1.98p (2017: 1.62p)\n· Net asset value per share of 70.2p (2017: 122.5p)\n· In the six months to 30 September 2018, SIS achieved, including the results for SIS LIVE which was sold in October 2018\n- Revenues of £120.7 million (2017: £100.9 million)\n- EBITDA of £8.5 million (2017: £11.1 million)\n- Profit after tax on ordinary activities of £2.1 million (2017: £1.8 million)\n· Following the sale of SIS LIVE in October 2018, SIS declared a dividend of £40.0 million of which £8.2 million was received by CMG\n· CMG declared a dividend of £12.2 million in October 2018, paid in November 2018\n \nMichael Rosenberg, Chairman of Catalyst commented: \"With SIS's domestic retail position secured with contracts signed for between two to four years with 98% of the UK and Irish Licensed Betting Offices, albeit at lower margins, SIS has focused on utilising its industry expertise and content in other markets including international retail and online. 2019 has already seen a deepening partnership between SIS and the Racecourse Media Group in respect of international and online rights, with a new 24/7 service having been launched in January 2019.\n \nSIS has confirmed that it expects to achieve a profit before tax, excluding profit on sale of SIS Live and before certain charges, for the year to 31 March 2019 towards the...