Fairfax first-half profit slumps on one-time charges, continuing Ebitda down 8.7%

Wed, 18 Feb 2015

By Pattrick Smellie Feb. 19 (BusinessDesk) - Fairfax Media reported little-changed first-half earnings of A$86 million, excluding the impact of A$56.6 million of redundancy and impairment costs that arose from the struggling trans-Tasman publisher and broadcaster's efforts to reinvigorate its future. Directors announced a fully franked interim dividend of 2 Australian cents per share and a share buyback scheme to purchase as much as 5 percent of the firm's listed capital on-market. Statutory profit for the period of A$26.3 million inc...

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