Centaur Media plc Proposes Interim Dividend for the Six Months Ended June 30, 2016, Payable on October 6, 2016; Announces Executive Changes; Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2016
The company reported unaudited consolidated earnings results for the half year ended June 30, 2016. For the period, the company reported revenue of £39.9 million, operating profit of £3.1 million, profit before tax of £2.8 million, profit attributed to the owners of the parent of £2.2 million or 1.5 pence per diluted share against revenue of £36.8 million, operating profit of £4.8 million, profit before tax of £4.2 million, profit attributed to the owners of the parent £3.3 million or 1.5 pence per diluted share a year ago. Net cash generated from operating activities of £8.3 million compared to £4.2 million a year ago. Purchase of property, plant and equipment of £0.2 million compared to £0.6 million a year ago. Purchase of intangible assets of £0.8 million compared to £1.1 million a year ago. Net debt was £14.1 million against £14.6 million a year ago. Adjusted operating profit of £5.0 million compared to £6.1 million a year ago. Adjusted profit before tax of £4.7 million compared to £5.7 million a year ago. Adjusted fully diluted earnings per share of 2.5 pence compared to 3.1 pence a year ago. Adjusted operating cash flow of £8.8 million compared to £2.9 million a year ago. Capital expenditure was £1.0 million compared to £1.7 million a year ago.
The company also announced resignation of Christopher Satterthwaite, effective July 27, 2016 and Mark Kerswell will resign from the Board on July 29, 2016. Swag Mukerji will take over as interim Chief Financial Officer, effective July 29, 2016.