Par Value: 2.50/-
Closing Price: 20.90
Total Shares Issued: 188542286.00
Market Capitalization: 3,940,533,777
Nation Media reports FY 2021 Earnings versus FY through 2020
FY 2021 Turnover 7.66137b versus 6.8128b +12%
FY Gross Profit 6.4017b versus 5.6648b
FY Profit before Income Tax 730.7m versus 119.9m +509%
FY Profit after Tax 493.1m versus 47.9m
FY EPS 2.5 versus 0.2 +1150%
FY Dividend 1.5
Total cash and cash equivalents 3.9586b versus 2.8742b
This performance is attributable to the recovery of print advertising sales, increased revenue from digital products and services, and continued growth of broadcasting revenue.
In addition, improved debt collection and effective cost management contributed positively to the Group’s profitability.
The Group will focus on accelerating the gains realised from its digital transformation journey
Admittedly lapping a very depressed 2020, this nevertheless is an impressive rebound and speaks to a possible earnings inflexion point & specifically the digital strategy which contributed 18% of PBT