Cable and Wireless holds 2013 full year dividend at 4 cents

DividendMax Ltd.

Cable and Wireless holds 2013 full year dividend at 4 cents

Financial Highlights

Mobile data revenue up 23%, Group revenue down 1% on like-for-like basis

Group operating costs fell by 5% (US$43 million) with exit run rate cost savings of US$77 million per annum

Group EBITDA up 5%; margin increased by 2 ppts to 32%

Net debt down by c.US$1.4 billion to US$205 million pro-forma, following the disposal of Monaco Telecom post year-end

Recommended final dividend per share of US2.67 cents; full year dividend per share of US4 cents (2012/13 US4 cents)

Companies mentioned