entertainment one ltd (ENTMF) Key Developments
Entertainment One Reportedly Offered To Investors
Aug 29 15
Entertainment One Ltd. (LSE:ETO) has been reportedly offered for sale to Sky plc (LSE:SKY), Vivendi S.A. (ENXTPA:VIV) and other media companies.
James Corsellis to Step Down from the Board of Entertainment One Ltd
Jul 15 15
Entertainment One Ltd. has been informed that Marwyn Value Investors L.P. has executed an agreement for the disposal of part of its shareholding in the company. As a result of Marwyn's reduced shareholding, James Corsellis, who has represented Marwyn on eOne's Board since 2007, has agreed to step down from the Board of the company with immediate effect.
Entertainment One Ltd. Declares Inaugural Final Dividend for the Year Ended March 31, 2015, Payable on September 10, 2015; Announces Consolidated Unaudited Earnings Results for the Full Year Ended March 31, 2015
May 19 15
Entertainment One Ltd. announced that the directors declared a final dividend in respect of the financial year ended 31 March 2015 of 1.1 pence compared with 1.0 pence per share in last year which will absorb an estimated £3.2 million of total equity (2014: £2.9 million). It will be paid on or around 10 September 2015 to shareholders who are on the register of members on 10 July 2015 (the record date). This dividend is expected to qualify as an eligible dividend for Canadian tax purposes. The dividend will be paid net of withholding tax based on the residency of the individual shareholder.
The company announced consolidated unaudited earnings results for the full year ended March 31, 2015. For the year, the company reported revenue of £785.8 million against £823.0 million a year ago. Operating profit was £60.2 million against £29.4 million a year ago. Underlying EBITDA was £107.3 million against £92.8 million a year ago. Profit before tax was £44.0 million against £21.5 million a year ago. Profit for the year was £41.3 million against £20.0 million a year ago. Earnings per diluted share were 14.1 pence against 7.1 pence a year ago. Adjusted earnings per diluted share were 23.5 pence against 21.0 pence a year ago. Net cash from operating activities was £261.1 million against £258.7 million a year ago. Purchase of property, plant and equipment was £1.3 million against £2.4 million a year ago. Purchase of software was £2.0 million against £1.8 million a year ago. Adjusted earnings were £68.8 million against £58.5 million a year ago. Adjusted profit before tax was £88.8 million against £78.4 million a year ago. Net debt as at 31 March 2015 was £314.2 million. Adjusted net debt was £224.9 million. Capital expenditure during the year decreased to £3.3 million compared with £4.2 million a year ago. Expenditure was mainly driven by new investment in Film operating systems, including finance systems. Negative Free cash flow was £13.7 million compared with £16.4 million a year ago. Adjusted free cash flow was £20.5 million compared with £22.8 million a year ago.
Entertainment One Seeks Acquisitions
May 19 15
Entertainment One Ltd. (LSE:ETO) is looking for acquisition opportunities. The Board continues to see significant opportunity for further growth and this strategy is underpinned by detailed organic growth plans and will be supported by targeted acquisitions.
Entertainment One Ltd. to Report Fiscal Year 2015 Results on May 19, 2015
May 7 15
Entertainment One Ltd. announced that they will report fiscal year 2015 results on May 19, 2015