Business
Interim Results for Six Months Ended 31 Dec 2013
Interim Results for Six Months Ended 31 Dec 2013.
About this update from Catalyst Media Group Plc
[{"type":"text","content":"\n \nRNS Number : 3964D Catalyst Media Group PLC 28 March 2014 \n \n\nCatalyst Media Group Plc\n(\"CMG\", \"Catalyst\" or the \"Group\")\n \nInterim Results for Six Months Ended 31 December 2013\n \nCatalyst Media Group Plc announces its interim results for the six months ended 31 December 2013.\n \nCMG is a 20.54% shareholder in Satellite 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 2013\n· CMG profit after taxation and before impairment charges of £2.2m (2012: £2.0m)\n· Impairment charge of £2.2m resulting in a loss after taxation of £7,770\n· Earnings per share (before impairment) 7.91p (2012: 7.18p)\n· Loss per share (after impairment) 0.03p\n· Net asset value per share of 103.5p (2012: 131.0p)\n· SIS revenues for 6 months to 30 September 2013 £138.6m (2012: £131.0m)\n· SIS EBITDA for 6 months to 30 September 2013 of £22.3m (2012: £25.0m) \n· SIS profit after tax on ordinary activities for the six months to 30 September 2013 of £10.7m (2012: £9.9m)\n \nMichael Rosenberg, Chairman of Catalyst commented:\n \n\"The core business of SIS continues to perform in line with management expectations. The closure of the outside broadcast division will impact the overall results for the year ending 31 March 2014 although the final costs of that closure are still to be determined. No dividends have been declared.\"\n \nEnquiries:\n \nCatalyst Media Group Plc:\nMichael Rosenberg, Non-executive Chairman: 07785 727 595\nMelvin Lawson, Non-executive Director: 020 7637 8412\n \nStrand Hanson Limited: &nbs...