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Tristan Cotterill

QMS Media Limited (ASX:QMS) has posted strong H1 CY19 results

QMS Media Group CEO and Managing Director, Barclay Nettlefold said “Our operational and financial results for the first half of 2019 are extremely pleasing, in a challenging media landscape. Our unique diversification strategy by both category and geography, provides us with a clear point of differentiation from our competitors.”

Highlights include: –

• Revenue up 23% to $128.9 million (up 24% to $130.5 million pre AASB 16).
• Gross profit up 85% to $90.5 million (up 45% to $70.9 million pre AASB 16).
• Gross profit margin of 70% (54% up from 46.5% pre AASB 16).
• Underlying EBITDA up 144% to $56.4 million (up 47% to $33.9 million pre AASB 16).
• NPATA up 41% to $21.9 million (up 31% to $20.3 million pre AASB 16).
• NPAT up 65% $16.5 million (up 49% to $14.9 million pre AASB 16).
• Net Debt / Underlying EBITDA of 2.7x, down from 3.3x
• Interim dividend declared of 1.2 cents per share, fully franked.

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