Business
DHX Media reports full-year results, declares dividend
320% Growth in Net Income and 19% Growth in Revenues HALIFAX , Sept. 25, 2014 /CNW/...
About this update from Wildbrain Ltd.
[{"type":"text","content":"\n\n320% Growth in Net Income and 19% Growth in Revenues\n\n\n\nHALIFAX, Sept. 25, 2014 /CNW/ - DHX Media Ltd. (\"DHX\" or the \"Company\") (TSX: DHX), a key player internationally in the creation of content for families and children, today announced its audited financial results for the fiscal year ended June 30, 2014. \n\nHighlights of Fiscal 2014 and Q4 2014 Results:(All amounts in Canadian dollars)\n\n\n\nFiscal 2014 EBITDA1 increased 136% to $32.0 million from $13.6 million for Fiscal 2013. Fiscal 2014 Adjusted EBITDA1 increased 58% to $37.0 million, from $23.4 million for Fiscal 2013. Q4 2014 EBITDA1 increased 68% to $8.0 million from $4.8 million for Q4 2013. Q4 2014 Adjusted EBITDA1 increased 36% to approximately $10.2 million, from $7.5 million for Q4 2013; \nFiscal 2014 revenues increased by 19% to $116.1 million. Fiscal 2014 revenue (excluding Yo Gabba Gabba! Live! tour) increased 28% or $24.8 million to $112.0 million from $87.2 million for Fiscal 2013. Q4 2014 revenues increased by 14% to $29.7 million; \nFiscal 2014 gross margin increased to $69.4 million (60% of revenues), up 42% from $48.7 million for Fiscal 2013 (50% of revenues). Q4 2014 gross margin increased to $18.9 million (63% of revenues), up 27% from $14.9 million for Q4 2013 (57% of revenues); and \nFiscal 2014 net income increased 320% to $7.8 million ($0.07/share) from $1.9 million ($0.02/share) for Fiscal 2013. Fiscal 2014 normalized net income increased to $11.3 million ($0.10/share), from $8.7 million ($0.10/share) for Fiscal 2013. Q4 2014 net income increased 41% to $1.04 million ($0.01/share) from $0.7 million ($0.01/share) for Q4 2013. Q4 2014 normalized net income decreased slightly to $2.6 million ($0.02/share), from $2.8 million ($0.03/share) for Q4 2013. \nDividend declared of $0.013 per share, an increase of 8% over last quarter.\n\n\n\n1 EBITDA represents income of the Company before amortization, finance income (expense), taxes, share of loss of associates, development expenses and any impairments, share-based compensation expense, and Adjusted EBITDA includes adjustments for other non-recurring charges. (See June 30, 2014 MD&A definition of EBITDA and Adjusted EBITDA for full details).\n\n\nDana Landry, CEO of DHX Media, commented: \"This was a highly transformative year for DHX Media. While we continued to grow our library both orga...