Business Services Industry
Austar charts a solo course for now.
Australasian Business Intelligence, February, 2007
Byline: Tracy Lee
Feb 21, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Australian regional pay-TV provider, Austar, has reported a rise in EBIT to $A141.9 million for 2006. Net profit rose strongly to $A210.2 million, a result distorted by a large tax credit. Shares in Austar lifted by $A0.11 to close at $A1.33 on 21 February 2007. ABN Amro Asset Management says Austar has a "good chance" of beating its 2006 performance in calendar 2007. Austar is 80 owned by US-based Liberty Media. The company's management is not looking for suitors and is quite happy with the current situation.
Publication Date: 22 February 2007
AUSTAR UNITED COMMUNICATIONS LIMITED - ASX AUN
LIBERTY MEDIA CORPORATION
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