Tag: Financial results

Rocket Internet bad apple in Kinnevik’s basket

Investment firm Kinnevik released its results for Q2 this morning. The overall picture was positive. After reporting a drop in net asset value (NAV) of SEK 448 million ($52 million U.S.) to SEK 83.9 billion in Q1 of FY2015, Kinnevik made up lost ground in Q2. It ended the quarter with the NAV of its investments at SEK 87.3 billion, or 3.5 p

Healthy growth for Alma Media Digital Divison in Q2

The revenue of Alma Media’s division Digital Consumer Services, which houses the classified business of the company, increased by 9.4 percent in Q2 of FY2015 from Q2 in FY2015. Its operating profit surged by 56.9 percent. The businesses included in this division are (in Finland) Etuovi.com, Vuokraovi.com, Gofinland.fi, Monster.fi, Autotalli.com, Telkku.com, Kotikokki.net, E-kontakti.fi, Meedio.fi

Schibsted beats market expectations in Q2

Schibsted beat expectations of financial analysts for Q2 of FY2015, when it presented a profit before tax of NOK 440 million ($44.1 million U.S.) this morning. This was 36 percent better than analysts had expected in the SIX News Inquiry. The Schibsted share price responded very well on the news, and gained more than seven percent in early trade on the Oslo Stock Exchange. Understandably, CEO R

Mitula debuts on ASX

Mitula, the multi-vertical aggregator based in Spain, completed its IPO and debuted on the Australian Stock Exchange (ASX) on July 1. SkyNews reported that shares started trading well and were up 20 percent within minutes.

"Mitula shares opened at 85 cent

Naspers results: a story of unrealized potential

Naspers results: a story of unrealized potential

Naspers released its results for the financial year 2014/15 (ended March 31) last night. The big question was whether the global Naspers/Schibsted peace deal, brokered in the second half of the year, has already impacted the annual numbers.

Two overviews: Naspers, Tegna / Gannett

Two very good overview articles about international media / newspaper companies today: --- The Financial Times has an overview of Naspers in advance of its annual earnings report on Tuesday. It outlines how Naspers stock has soared during the past few years, primarily because of its huge stake in the Chinese dot-com Tencent, and looks at its classified and other businesses.

Gannett / Tegna Digital view: Up, up, up

Gannett / Tegna Digital view: Up, up, up

Profit margins are great at Cars.com, pretty damned good at CareerBuilder.com, and growth at both companies is expected to be in the double digits for the next three years. Tegna, the spinoff from Gannett that will operate both companies when the corporate split is completed next week, provided guidance on both of its major digital units in an

Auto Trader results in line with expectations

Auto Trader results in line with expectations

Auto Trader announced strong full-year results in the year it was listed on the London Stock Exchange. The operator of Autotrader.co.uk, the U.K.'s largest online automotive marketplace, achieved strong growth, despite the challenges of internal restructuring, relocation and refocusing itself as a public company. Chairman Ed Williams said, “The financial year 2015 has been a very successful one

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