One Caribbean Media Limited Announces Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2018
For the year, the company reported revenue of TTD 393,769,000 compared to TTD 442,177,000 a year ago. Profit for the year was TTD 20,238,000 compared to TTD 52,446,000 a year ago. Earnings per share inclusive of ESOP shares was TTD 0.28 compared to TTD 0.69 a year ago. Operating profit was TTD 52,077,000 compared to TTD 81,007,000 a year ago. Basic earnings per share was TTD 0.31 compared to TTD 0.76 a year ago. Fully diluted earnings per share wereTTD 0.30 compared to TTD 0.73 a year ago.
For the quarter, the company reported net impairment losses on financial assets of TTD 5,392,000 compared to TTD 1,822,000 a year ago. Impairment losses on other assets was TTD 11,895,000 compared to TTD 7,000 year ago.