Seven West Media Ltd delivered turnaround result in FY 18

  • Aug 21, 2018 AEST
  • Team Kalkine
Seven West Media Ltd delivered turnaround result in FY 18

Turnaround result in FY 18: Seven West Media Ltd.’s (ASX: SWM) stock traded flat post an initial fall of 3.29% on August 21, 2018 though the company for 2018 reported a net profit of $135.8 million compared to a net loss of $744 million in FY17. In 2017, the company was affected by weak ad revenue and a heavy write-off in the carrying value of its television licences. However, in 2018, the annual revenue fell by 3.2% to $1.62 billion.

SWM has delivered for 2018, the underlying EBIT of $236 million, which is at upper end of $220-240 million guidance. The company has over-delivered on cost saving target with group costs down more of $21 million on the initial $40 million target. These savings include a 7% reduction in FTEs, which more than offsets the expected AFL uplift and spectrum charge. The transformation is expected to continue in FY19, targeting further cost reductions in each of the three operating businesses and is expected to deliver a $10-20 million net group cost reduction, including Cricket for 2019. The company for FY 19 is projecting 5-10% underlying EBIT growth. Further, in 2019, net debt is expected to reduce leverage below 2x. As a result, SWM stock has risen 45.89% in three months as on August 20, 2018.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK