INDEPENDENT NEWS

Jasons Travel Media Announces Revised Projection

Published: Mon 4 May 2009 01:49 PM
MEDIA RELEASE
4 MAY 2009
Jasons Travel Media Announces Revised Year End Projection
Jasons Travel Media today announced an unaudited year end consolidated net profit before tax of $1.224m, for the year ended 31 March 2009 (last year: $1.552m). Profit after tax will be in the vicinity of $787k (last year: $982k).
Although this is the second highest operating surplus the company has achieved, it is below earlier projections, due to the general effects of the current economic climate.
Chairman Geoff Burns said that the core print and web products and the distribution business, including recent acquisitions, continued to perform well. However, he noted that smaller publications, particularly some local maps and guides, have suffered contraction in revenue, compared to earlier expectations.
The Board anticipates maintaining last year’s fully imputed final dividend of 1.5 cents per share net, making a fully imputed total of 3 cents per share, for the year.
Mr Burns advised that the announcement of the audited year end result, and comment on progress for the 2009/10 year, would be made in early June.
ENDS

Next in Business, Science, and Tech

Government Ends War On Farming
By: Federated Farmers
NZ Researchers Drive Work On International AI Framework
By: University of Auckland
Woolworths New Zealand Rolls Out Team Safety Cameras To All Stores As Critical Tool For De-escalating Conflict
By: Woolworths New Zealand
Environmentally Conscious Shoppers At Risk Of Being Greenwashed
By: Consumer NZ
Facing The Future: The Use Of Biometric Tech
By: Hugh Grant
Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
By: John Mazenier
View as: DESKTOP | MOBILE © Scoop Media