Guardian Media profit up 17%

Guardian Media has a respectable first quarter for 2015 in spite of a tight economy in Trinidad with the sharp fall in the price of oil. The improvement did not come from the main business of news dissemination, instead it came from the multi-media segment. Guardian reported profit before tax for the quarter increasing by 32 percent to reach $6.03 million, from $4.57 million in 2014. After accounting for corporate taxes, profits grew 17 percent to $4.48 million from $3.84 million in 2014.
GML 3-15 logoThe print segment made less profit before taxation than in 2014, with $1.24 million reported in 2015 versus $1.69 million in 2014 while the Multi–media segment generated $4.8 million compared with $2.9 million in March 2014.
Whilst revenue grew marginally from $44.4 million to $45.1million, management of operating costs and the realization of operational efficiencies and a reduction in finance cost from $495,000 to $243,000 resulted in the increase in profitability.
Cash flows increased by $2.4 million for the 2015 quarter resulting from cash inflows from operations rising by $11.6 million compared with $9.2 million in 2014, leaving cash on hand of $113 million. Equity capital ends at $382 million.
“We expect these improvements in performance to continue for the rest of the year,” management stated, in their release to the Trinidad Stock Exchange with the quarterly financial statements.
The stock last traded in January at $19.76 on the Trinidad Stock Exchange. If earnings should continue at the pace of the first quarter the company could earn $1 per share which would place the PE at 20, quite steep for a company in a matured market. At the close on Monday there were no stocks offered for sale and no bids to buy.

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  1. […] Guardian Media’s profit after tax for the 9 months ended September, increased 49 percent to $28.4 million, from $19 million in 2014. For the quarter, profit after tax more than doubled to $18 million from $7.7 million in 2014, from revenues that climbed 35 percent, to $76 for the quarter and 13 percent for the nine months, to $173 million. Earnings per share, increased by 23 cents, from 48 cents to 71 cents, with the full 2014 year, being 85 cents. “These results were from political advertising earned from the recently concluded general elections, and the strength of our brands, based on progressive investments in talent, content and technology. I am also pleased to report that during the quarter GML acquired 100% of the issued shares of iRadio Inc., a company that is registered and operates in the Republic of Guyana. This acquisition now expands our TBC radio network to 7 stations and is in alignment with the strategic objectives of our Company”, Grenfell Kissoon, Chairman of the company stated. Cash generated from operations amounts to $51 million for the quarter and is up from $28 million in the similar period in 2014, the flows to date, exceed the $43 million generated during 2014. The company is a part of the Trinidad based Ansa McAl, the shares listed on the Trinidad & Tobago Stock Exchange and last traded at $19.77 with a PE ratio of 18 times 2015 earnings. […]

  2. […] Losses| Clico Investment Fund closed 1 cent lower at $22.50 with 8,400 shares changing hands, Guardian Media traded 1,804 shares, the price ended with a loss of 1 cent at $19.76. National Enterprises with […]

  3. […] with poll findings from a survey conducted by H.H.B. & Associates carried out on behalf of Guardian Media and published last week Sunday. According to that poll, the People’s National Movement (PNM) is […]

  4. […] 44 units at $13.90, First Citizens Bank trading 7,998 shares valued at $286,328 to close at $35.80. Guardian Media with 546 shares closed at $19.76, National Enterprises with 5,540 shares closed at $17.20, Prestige […]

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