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Caxton profits increase by 3.3%

Aug 29 2012 17:03 I-Net Bridge

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Johannesburg - Media company Caxton [JSE:CAT] on Wednesday posted a 3.3% increase in full-year headline earnings per share and expects a modest improvement in earnings in the
next year.

The printing and publishing company said that its investments into digital products and new printing contracts presented it with new opportunities and challenges.

For the full-year to end June 2012 Caxton reported headline earnings per share of 109.8 cents versus 106.2 cents in the previous period.

Revenue grew 11% to R4.8bn. The company’s ordinary dividend per share was flat at 40c.

Caxton said it hiked its stake in Moneyweb by 3.3% to 50.6%‚ at a cost of R2.6m. It took control of the online financial news company in July last year.

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