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NZME beats full year earnings guidance, signals return of dividends

NZME beats full year earnings guidance, signals return of dividends
23 Feb, 2021 08:27 PM
5 minutes to read
NZ Herald
NZ Herald owner NZME exceeded its guidance for the year to December 31 clocking up operating earnings of $67.3 million and signalling a return to dividends.
The media company had forecast operating ebitda of $63m-$66m including $8.6m accessed from Government Covid-19 wage subsidies.
Today it reported a statutory net profit of $14.2m compared to a net loss of $165.2m in 2019 when it suffered impairments to intangible assets.
The underlying earnings figure of $67.3m was a 3 per cent increase on the previous year.
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NZME shares gained 2c to 92c following the result. The stock has climbed from a low of 18c in April. ....

New Zealand , Zealand Herald , Michael Boggs , Barbara Chapman , John Lewis , New Zealand Herald , Francisco Based Osmium Partners , புதியது ஜீலாந்து , ஜீலாந்து ஹெரால்ட் , மைக்கேல் பொக்ஸ் , பார்பரா சாப்மேன் , ஜான் லெவிஸ் , புதியது ஜீலாந்து ஹெரால்ட் ,

Thomson Reuters Corp - Announcement of full year/4th quarter financial results

Thomson Reuters Corp - Announcement of full year/4th quarter financial results
Two-Year Change Program Announced
Big 3 revenues up 4%; organic revenues up 5%
IFRS operating profit up 343%
Adjusted EBITDA up 33%; adjusted EBITDA margin of 32.5%
Accelerating to 3.0: Two Powerful Levers to Drive Both Growth & Efficiencies
Holding Company to Operating Company
Content Provider to Content-Driven Technology Company
2021-2023 Outlook Provided
Adjusted EBITDA margin of 38% - 40% in 2023
Free cash flow of $1.8 billion - $2.0 billion in 2023
Investment of $500 million - $600 million (2021 & 2022)
TORONTO, Feb. 23, 2021 /PRNewswire/ Thomson Reuters (TSX/NYSE: TRI) today reported results for the fourth quarter and full year ended December 31, 2020. The company also announced a two-year Change Program, provided a financial outlook for the next three years and announced a $0.10 increase in its annualized common share dividend. ....

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Gangs in Hawke's Bay: More patches, more players, fewer crimes

Gangs in Hawke s Bay: More patches, more players, fewer crimes
22 Feb, 2021 12:02 AM
7 minutes to read
There s movement in Hawke s Bay s gang scene, but a local expert says it s unlikely to disrupt the region s main players. Photo / File
Hawkes Bay Today
By: Christian Fuller
The fight to own Hawke s Bay s methamphetamine market has brought about an expansion of the region s gang scene. Fourteen different gangs, and more than 1200 patched members, are now on the police s watchlist. But those
numbers don t tell the full story. Christian Fuller reports.
Official police records suggest Hawke s Bay s gang population has doubled in five years.
But those very same records also paint a picture of a rapidly changing face of the region s gang scene. ....

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Alcon Inc. Investors: Alcon Reports Fourth Quarter and Full Year 2020 Results

Alcon Inc. Investors: Alcon Reports Fourth Quarter and Full Year 2020 Results
Continued recovery resulted in full year sales of $6.8 billion, 8% below last year
New product launches driving market share gains; executing on strategic initiatives
Generated $823 million in cash from operations and $350 million in free cash flow
Alcon (SIX/NYSE:ALC), the global leader in eye care, reported its financial results for the fourth quarter and full year ended December 31, 2020. For the fourth quarter of 2020, worldwide sales were $1.9 billion, an increase of 2% on a reported basis and an increase of 1% on a constant currency basis
(2), as compared to the same quarter of the previous year. Fourth quarter 2020 diluted earnings per share were $0.19 and core diluted earnings per share were $0.41. Full year 2020 diluted losses per share were $1.09 and core diluted earnings per share were $1.04. ....

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Meridian to build $395m wind farm in Hawke's Bay

Hawke's Bay will soon be home to the country's second-largest wind farm. ....

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