NZME Limited Reports Consolidated Financial Results for the Year Ended 31 December 2016
February 23, 2017 at 02:55 pm EST
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NZME Limited reported consolidated financial results for the year ended 31 December 2016. For the year, the company reported profit from continuing operations before income tax expense of NZD 13,498,000, loss from continuing operations for the year of NZD 50,552,000 or 28 cents per dilute share and profit for the year attributable to the owners of the company of NZD 60,618,000 or 30.9 cents per dilute share on total revenue and other income of NZD 410,196,000 against loss from continuing operations before income tax expense of NZD 11,475,000, loss from continuing operations for the year of NZD 10,268,000 or 6.6 cents per dilute share and profit for the year attributable to the owners of the company of NZD 24,735,000 or 12.6 cents per dilute share on total revenue and other income of NZD 431,742,000 for the last year. Net cash inflows from operating activities was NZD 61,682,000 against NZD 120,918,000 for the last year. Payments for property, plant and equipment was NZD 11,549,000 against NZD 27,008,000 for the last year. Payments for intangible assets including software was NZD 4,407,000 against NZD 9,622,000 for the last year. Pro forma NPAT of NZD 27.8 million and Pro forma EPS of 14.2 cents.
NZME Limited is a New Zealand-based company, which is engaged in the operation of an integrated media and entertainment business. The Company operates through three segments: Audio, Publishing and OneRoof. Audio segment consists of terrestrial radio stations, digital iHeartRadio, podcasts and Radio brand websites. Publishing segment consists of print publications and digital news websites including nzherald.co.nz. and BusinessDesk. OneRoof segment comprises oneroof.co.nz and dedicated real estate print publications. OneRoof Herald Homes and OneRoof Local provide local property listings. Housing market trends, insights and commentary, as well as tips that buyers, sellers, renters and homeowners need, can also be found online at oneroof.co.nz. The Companyâs subsidiaries include NZME Australia Pty Limited, NZME Educational Media Limited, NZME Holdings Limited, NZME Investments Limited, NZME Print Limited, NZME Publishing Limited, NZME Radio Investments Limited and others.