Business Services Industry
Unfazed APN pledges 10% earnings growth.(APN News and Media Ltd.)(Brief Article)
Australasian Business Intelligence, April, 2005 by Chessell, James
Apr 27, 2005 (The Sydney Morning Herald - ABIX via COMTEX)
Australian-listed APN News & Media owns newspapers and radio stations. It is controlled by the Ireland-based Independent News & Media. On 27 April 2005, APN provided some profit guidance for the market. Its CEO, Brendan Hopkins, predicted that the group will achieve a net profit of "at least" $A141 million in the year to 31 December 2005. On the day, APN shares rose by $A0.13 to close at $A4.81. The company also announced that it will buy back around 10 of its ordinary stock. Hopkins noted that the group has no acquisition strategies.
Publication Date: 28 April 2005
APN NEWS AND MEDIA LIMITED - ASX APN:
INDEPENDENT NEWS AND MEDIA PLC:
PUBLISHING AND BROADCASTING LIMITED...
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