US advertising major National CineMedia has published its quarterly and full year results. Q4 was up slightly but the year as a whole was down, in line with box office.
Total revenue for the fourth quarter of 2014 increased 0.3% to $123.1 million from $122.7 million for the comparable quarter last year. Excluding revenue from the Fathom Events division that was sold in December 2013, advertising revenue increased 13.9% from $108.1 million for the fourth quarter of 2013. Adjusted OIBDA excluding Fathom Events increased 22.3% to $72.5 million from $59.3 million for the fourth quarter of 2013. Net income for the fourth quarter of 2014 was $8.1 million, or $0.14 per diluted share compared to net income of $19.0 million, or $0.32 per diluted share for the fourth quarter of 2013. Excluding $3.8 million in pre-tax costs associated with the proposed merger with Screenvision in the fourth quarter of 2014, the impact of the Fathom business on the fourth quarter of 2013 and 2014 and non-cash impairment charges in 2013, net income for the fourth quarter of 2014 would have decreased to $0.18 per diluted share, compared to $0.19 per diluted share, for the fourth quarter of 2013. LINK
Ticketing software major Vista Group saw sales grow 55% on the strength of major deals in China and the United States, while profits shrank less than forecast.
Net profit fell to $3.99 million, or 5.9 cents per share, in calendar 2014, from $5.71 million, or 9.76 cents a year earlier, beating its July prospectus forecast for $3.44 million, the Auckland-based company said in a statement. Revenue rose to $47.2 million from $30.5 million a year earlier, and ahead of the expected $45.2 million.
“It’s a really good solid performance from our Vista Entertainment Solutions,” chief executive Murray Holdaway said. “There were questions about whether we could grow that business and we’ve shown we could grow it.” LINK