See More

Caxton earnings up despite global crisis

Sep 08 2011 08:37 I-Net Bridge

Company Data


Last traded 17
Change 0
% Change 0
Cumulative volume 36000
Market cap 0

Last Updated: 27-03-2015 at 04:03. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Tribunal to give Caxton verdict

Caxton wants merger decision reversed

Caxton posts higher headline earnings

Tribunal allows Caxton to intervene

ElementOne denies Caxton claims

ElementOne, Caxton won't reach deal


Johannesburg - Media company Caxton and CTP Publishers and Printers [JSE:CAT] on Thursday reported headline earnings per share of 106.2 cents for the year ended June 2011 from 76.1c a year ago. A dividend of 40c per share was declared.

Turnover was up 6% to R4.34bn and profit from operating activities was up 14.4% to R522.6m.

The company said that while retail and wholesale sales continued to grow throughout the year, unemployment remained high. In addition, recent volatile international economic conditions have created greater uncertainty and at this moment in time it appears that difficult trading conditions, with minimal growth occurring worldwide, can be expected to continue for some time.

Advertising spend has increased but print advertising as a percentage of total spend has declined.

"Against this background the company performed reasonably and increased its market share in the major areas in which it operates notwithstanding the increased levels of competition," it said.

The financial position remains strong with cash and cash equivalents amounting to R1.6bn at the year-end which is lower than the corresponding amount at the previous year-end of R1.8bn due to extensive investments in the purchase of new capital equipment, working capital and the repurchase of shares in the company.

Looking ahead, the group said the economy appears to once again be entering a volatile period with little or no growth being predicted by a range of economists. The level of employment continues to decline and there has been a deterioration in consumer confidence.

In addition, the migration to digital products is reducing advertising spent on print, it said.



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

People who fall victim to Ponzi scams are:

Previous results · Suggest a vote