• Inside Labour

    Government's farming policies have had a damaging effect, says Terry Bell.

  • Hunter feeling the heat

    The killer of Cecil the lion is now the one getting hunted - by outraged Americans.

  • Making media behave

    Is patriotic reporting another name for whitewashing corruption, asks Leopold Scholtz.

Loading...
See More

Kagiso Media posts jump in profit

Sep 14 2012 09:19
Sapa

Johannesburg - Kagiso Media Limited [JSE:KGM] reported that basic earnings per a share rose 211.8% to 474.5 cents a share, versus 152.2 cents a share at the same time last year, the company said on Thursday.

Earnings per share from continuing operations rose to 139.2 cents, versus 118.3 cents last year, Kagiso said in a statement.

For the year to June 30, results were bolstered by the sale of Kagiso's 50% stake in LexisNexis for R565m.

Revenue was up 21.3% to R956.9m, from R789.2m last year.

Operating profit rose 2.6% on continuing investment for growth, while cash holdings were R473.2m, rising from R233.2m last year.

The company said the Juta Group was acquired in a R300m cash transaction, and broadcasting assets performed strongly.

The acquisitions by the company has created a platform for growth in Africa.

"We remain strongly capitalised and retain the capacity to pursue further acquisitive growth within the domestic market and potentially in the sub continent as well," said chief executive Murphy Morobe.

"A platform for growth into selected markets in East and West Africa is now in place."


* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest

 
kagiso media

 
 
 

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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

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

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...