Tuesday, November 3, 2009

AVUSA advertising revenues shrink by - at least - a fifth

SHOOT: Can't imagine why. If you believe their circulation figures everything's still as right as rain.
clipped from www.fin24.com

Johannesburg - Media and entertainment group Avusa
(AVU) advised on Tuesday that headline earnings per share for the six months
ended 30 September 2009 are expected to be between 55% and 65% lower than
the comparative period.


Earnings per share are expected to be between 67% and 77% lower than
the comparative period.


"Apart from the impacts of the discontinued operations, the expected
decrease in earnings is primarily as a result of an approximately 20%
reduction in net advertising income," the group added.

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