Sat 11 Sep 2010 4:52
Stocks in Brief | Page 16

Reporting season continues

7 Mar 03 | Issue 122
With reporting season underway, we update Westfield Holdings, Flight Centre, APN News & Media, Circadian and Biota.

With a full-year of the New Zealand-based Wilson & Horton business under its wing, regional media group APN News & Media reported some impressive figures for the year ended 31 December 2002.

 

Net profit soared 87% to $90.2m, although earnings per share rose a more modest 16% to 20.8 cents. A fully-franked dividend of 10 cents was declared (sadly, the ex-date was unavailable at time of writing) and the shares are up 5% since issue 118/Dec 02 (Long Term Buy - $2.90). The latest result merely confirms our view that this is a good LONG TERM BUY .

 

If you enjoyed this article and wish to become a member before 30 June 2010, we?ve giving away over $200 in free gifts as part of our end of financial year special offer. You can find more information here.


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PAGE 16
Price at review: $3.05
Most recent price: $1.840
Change since review: -39.67%