Nov 2015 Financial News

GML profits up 47 per cent

Nov 13, 2015

For the nine months ended September 30, Guardian Media Limited’s (GML) profit before tax increased from $24.9 million in 2014 to $36.7 million, representing growth of 47 per cent year on year. The company’s earnings per share increased by 23 cents from 48 cents to 71 cents and revenues grew by 13 per cent.

“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,” GML chairman Grenfell

Kissoon said in his report to shareholders.

“I am also pleased to report that during the quarter, GML acquired 100 per cent 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 seven stations and is in alignment with the strategic objectives of our company.”

Kissoon said he expects good results based on GML’s diverse portfolio and strength of it brands.

Source:
Trinidad Guardian, A18
Friday November 13, 2015