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Johannesburg - Kagiso Media [JSE:KGM] on Thursday posted an 8% increase in diluted headline earnings per share from 126.5 cents to 136.6 cents for the year ended June 2010.
For the year under review, group revenue rose 6% to R906.3m as the group benefited from Urban Brew Studios and Gloo Digital Design's full year effect.
The company declared a final dividend of 35 cents (2009: 27 cents) and a special dividend of 10 cents per share has been declared.
Kagiso Media said it delivered a strong operational performance against a tough economic backdrop.
"Although the operating environment remained tight throughout the financial year, visible signs of improvement began to show from January 2010," Kagiso Media said.
Operating profit grew 4% to R303.5m as group-wide cost management initiatives paid off.
Cash generated from operations increased by 5% to R340.4m, confirming the ability of the Group to convert profits into cash.
The company said its broadcasting business delivered a marginal improvement in revenue to R472.4m and a stable operating profit of R235.6m.
Elsewhere, the Information and other segment showed a 15% increase in operating profit to R68.2m.
The newly constituted new media segment delivered sound operating profit growth to R9.7m rand from R2.1m in 2009.
But the content segment, which houses the group's television production business, showed a 3% decline in operating profit to R25.0m in line with challenging markets.
Kagiso Media CEO Murphy Morobe said the company was seeing signs that trading conditions were improving even through the pace of recovery remained uncertain.
"Advertising spend appears to be normalising and the recovery will benefit our performance across the board, but especially the Broadcasting segment," Morobe said.
For the year under review, group revenue rose 6% to R906.3m as the group benefited from Urban Brew Studios and Gloo Digital Design's full year effect.
The company declared a final dividend of 35 cents (2009: 27 cents) and a special dividend of 10 cents per share has been declared.
Kagiso Media said it delivered a strong operational performance against a tough economic backdrop.
"Although the operating environment remained tight throughout the financial year, visible signs of improvement began to show from January 2010," Kagiso Media said.
Operating profit grew 4% to R303.5m as group-wide cost management initiatives paid off.
Cash generated from operations increased by 5% to R340.4m, confirming the ability of the Group to convert profits into cash.
The company said its broadcasting business delivered a marginal improvement in revenue to R472.4m and a stable operating profit of R235.6m.
Elsewhere, the Information and other segment showed a 15% increase in operating profit to R68.2m.
The newly constituted new media segment delivered sound operating profit growth to R9.7m rand from R2.1m in 2009.
But the content segment, which houses the group's television production business, showed a 3% decline in operating profit to R25.0m in line with challenging markets.
Kagiso Media CEO Murphy Morobe said the company was seeing signs that trading conditions were improving even through the pace of recovery remained uncertain.
"Advertising spend appears to be normalising and the recovery will benefit our performance across the board, but especially the Broadcasting segment," Morobe said.
