Profits, debt down, dividend up at Beyond
Despite falling revenue, TV producer Beyond International has paid down debt and entered into deals for the US market, putting it in a strong position.
Beyond International, a producer of television and digital content released in Australia and overseas experienced revenue and profit declines of 13 per cent and 14 per cent respectively in fiscal 2013-14. However, it was cycling against a record 2012-13 period and the fact it finished the year in a financially robust position should be taken into account.
Net cash flows from operating activities were $8.9 million and net cash increased by nearly $900,000 to $10.9 million. The company finished the year debt free and increase its final dividend from 4¢ per share in the previous corresponding period to 5¢, bringing the full-year dividend to a record 9¢.
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