Mar 2015 Financial News

OCM profits rise

Mar 31, 2015

The One Caribbean Media Group continued to achieve solid results in 2014, chairman Sir Fred Gollop said yesterday.

In his statement on the Group’s sudited results for its financial year ended December 31, 2014, Sir Fred said the positive results were recorded despite economic challenges in its markets and when compared with the exceptional revenue from five elections (four in Trinidad and Tobago and one in Barbados) during 2013.

Profit for the year of $84.7 million (US$13.1 million) was marginally above the $84.4 million (US$13.08 million) in 2013 while Group revenues of $548 million (US$85 million) decreased slightly from $552 million (US$85.5 million) in 2013.

“Most recent independent surveys indicate that the Group’s media assets hold leadership positions across all platforms (print, TV, radio and digital media),” Sir Fred said. 

The OCM board of directors has approved a final dividend of 49 cents per share which will bring the total dividend for 2014 to 76 cents compared with 74 cents in 2013. Payment will be made on April 30.

 OCM is the parent company of Caribbean Communications Network (CCN), which operates CCN TV6 and publishes the Trinidad Express Newspapers.

Source:
Trinidad Express
Saturday March 28, 2015

http://www.trinidadexpress.com/business/OCM-profits-rise-297855711.html