Mar 2006 Financial News

OCM releases Year End Results

Mar 01, 2006

One Caribbean Media Limited, formerly Caribbean Communications Network, reported impressive results for the year ended December 31, 2005 with earnings per share (diluted) increasing 25.74 per cent from $1.01 to $1.27 driven by revenues from the Express Newspaper and TV 6 Television Station. Gross Profit rose 39.15 per cent while operating profit rose remarkably by 49.94 per cent.

Ultimately, profit attributable to share holders increased 36.73 per cent to $50.342 million.

Look out for a detailed analysis of these results in the WISE Weekly Report.

Sreshtha Tewari
WISE Research Team