Cinderella Media Group (00550) said its profit attributable to owners for the year ended 31 December 2014 dropped 37.1% year-on-year to HK$78.91 million.
Its basic and diluted earnings per share were HK23.67 cents.
The turnover from continuing operations amounted to HK$476 million, a decrease of 14.4% from a year earlier. The gross profit margin dropped from 27% in 2013 to 21% in 2014 because the fixed direct costs have not decreased correspondingly with the turnover.
The decrease in net profit is mainly due to the distribution of 1010 Printing and the decrease in advertising income in the Inflight magazine division.
The proposed final dividend is HK6 cents (2013: HK20 cents) per share, payable on or around 15 May.
04/03/2015 09:23
CinMedia (00550) year net down 37% to HK$78.91m; div HK6 cts
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