Astral Reports Strong First-Quarter Results For Fiscal 2013
January 10, 2013 at 6:18 AM (PT)
ASTRAL MEDIA has released its financial results for the first quarter ended NOVEMBER 30th, 2012, which saw continued growth in net earnings, EPS, EBITDA, revenues and cash flow from operations.
In the first quarter, consolidated net earnings rose 7% to $59.6 million from $55.8 million for the same period last year, while diluted earnings per share1 increased by 5% to $1.05 from $1.00 last year. EBITDA grew 4% to $93.7 million from $90.4 million last year, while consolidated revenues totalled $274.5 million, an increase of 1% over the $271.1 million recorded last year for the same period. Cash flow from operations at $69.2 million is slightly above last year's figure of $69.0 million.
"I am very pleased with our Company's consolidated and segmented performance in the first quarter of Fiscal 2013, marking the single largest quarter in the Company's history" said Pres./CEO IAN GREENBERG. "Our relentless focus on delivering better value to advertisers and consumers combined with the discipline that defines Astral's decision-making approach provide us with the optimal strategy to reach our objectives and continue to deliver balanced growth across our diversified asset portfolio."