Business
Half Yearly Report
Half Yearly Report.
About this update from Catalyst Media Group Plc
[{"type":"text","content":"\n \nRNS Number : 0523B Catalyst Media Group PLC 28 March 2013 \n \n\n28 March 2013\nCatalyst Media Group Plc\n('CMG' or the 'Group')\n \nInterim Results for Six Months Ended 31 December 2012\n \nCatalyst Media Group Plc (\"CMG\") announces its interim results for the six months ended 31 December 2012. \nCMG is a 20.54% shareholder in Satellite Information Services (Holdings) Ltd (\"SIS\") and the results include its share in the profits of SIS for its period ended 30 September 2012 as an equity accounted associate.\nFinancial Highlights for the six months to 31 December 2012\n• CMG profits after taxation of £2m (2011: £1.9m), an increase of 3.6% over prior period\n• Earnings per share 7.18p (2011: 6.88p)\n• Net asset value per share of 131p (2011:122p) an increase of 7.4% over prior year\n• Overheads further reduced\n• CMG dividend of 7p per share paid in October 2012\n• SIS revenues to 30 September 2012 of £131m (2011: £116m), an increase of 13.4% over prior period\n• SIS EBITDA of £25m (2011: £23.4m), an increase of 6.6% over prior year.\n• SIS profit on ordinary activities before interest and tax of £13.8m (2011:£13.8)\n· CMG interim dividend of 7p to be paid in May 2013\n \nMichael Rosenberg, Chairman of Catalyst commented:\n \n\"Once again SIS has shown improving results compared with the previous comparative period with a 13 per cent. increase in revenues and nearly 7 per cent. increase in EBITDA. The Board of SIS has adopted a progressive policy on dividends. We received £1,027,000 in October 2012 and, as has already been announced, a further £2,054,000 dividend in respect of the SIS year ended 31 March 2012 was received in March this year, thus enabling CMG to declare an interim dividend for the current year of 7p per share.\"\n \n \nEnquiries\n \nMichael Rosenberg, Non-executive Chairman: 07785 727595\nMelvin Lawson, Non-executive Director: 020 7637 8412\n \n \nStrand Hanson Limited: +44 20 7409 3494\nJames Harris\nAngela Hallett\n \n \n \nCh...