STW Comm: Interim result 2013

A flat ad market has failed to dent STW’s interim result with profit growing 7%, but a recent capital raising knocked EPS down 4%.

For the half-year ended 30 June (it has a calendar year end) STW Communications grew revenue 8% to $176m and net profit rose 7% to $19m. Half the growth came from existing businesses, the balance from recent acquisitions. Due to the recent capital raising, however, earnings per share (EPS) lagged, falling 4% to 4.9 cents.

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