News & Analysis » Asia
Fairfax Media Swings To Full Year Profit
(RTTNews) - Fairfax Media Ltd. (FFXLF.PK, FXJ.AX) said full year reported net profit after tax and SPS of A$270.3 million, compared to a loss of A$395.7 million last year. Reported earnings per share were 11.5 cents versus a loss of 21.6 cents last year.
Underlying profit after tax and SPS rose 23% to A$278.7 million from A$226.8 million in the previous year. On an underlying basis, earnings per share were 11.8 cents.
Revenue from underlying continuing businesses fell 2% to A$2.48 billion from A$2.54 billion a year earlier.
The board declared final dividend of 1.4 cents, fully franked will be paid on 23 September to shareholders registered on 9 September 2010.
Should current market trends continue, the company anticipates high single digit earnings growth in the first half.
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