New Vision Printing and Publishing Company Limited Reports Audited Earnings Results for the Year Ended June 30, 2012; Proposes Final Dividend, Payable on or About January 23, 2013
September 26, 2012
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New Vision Printing and Publishing Company Limited reported audited earnings results for the year ended June 30, 2012. For the year, the company's revenue was UGX 71,111,117,000 against UGX 61,819,630,000 a year ago. Profit before taxation was UGX 5,492,720,000 against UGX 4,685,859,000 a year ago. Profit for the year was UGX 3,859,053,000 or UGX 50 per basic and diluted share against UGX 3,003,680,000 or UGX 50 per basic and diluted share a year ago. Net cash generated from operating activities was UGX 5,074,269,000 against UGX 6,699,221,000 a year ago. Purchase of property, plant and equipment was UGX 3,980,312,000 against UGX 5,566,381,000 a year ago.
The company's Directors are pleased to propose a final dividend of UGX 35 per ordinary share. The dividend, less withholding tax where applicable, will be paid on or about January 23, 2013 to members on the share register at close of business on January 4, 2013.
New Vision Printing and Publishing Company Limited is a media group organized around 5 areas of activity:
- newspapers and magazines publishing (33.7% of net sales): daily newspapers (The New Vision and Bukedde), weekly newspapers (Saturday Vision, The Sunday Vision, Kampala Sun, Orumuri, Rupiny and Etop) and magazines (Bride & Groom and Flair);
- TV channels and radio stations broadcasting (26.9%): operation, at the end of June 2022, of 6 TV channels (Bukedde TV1, Bukedde TV2, TV West, TV East, Wan Luo and Urban) and 6 radio stations (X FM, Bukedde FM, Radio West, Radio Etop, Radio Rupiny and Arua One FM);
- publication of government and open market books (24,1%);
- commercial printing services (14.2%): books, annual reports, calendars printing, etc.;
- other (0.9%): primarily advertising campaigns design.
New Vision Printing and Publishing Company Limited Reports Audited Earnings Results for the Year Ended June 30, 2012; Proposes Final Dividend, Payable on or About January 23, 2013