XL Media 2016 final results

DividendMax Ltd.

XL Media 2016 final results

Financial highlights

Revenues increased 16% to $103.6 million (2015: $89.2 million);

Gross profit increased 30% to $53.3 million (2015: $41.1 million);

Adjusted EBITDA increased 22% to $34.6 million (2015: $28.4 million);

Profit before tax increased 28% to $31.0 million (2015: $24.3 million);

Net income increased 27% to $25.6 million (2015: $20.2 million);

Strong balance sheet with $35.2 million cash and short term investments;

Earnings per share increased 20% to $0.12 (2015: $0.10); and

Final dividend of $7.5 million or 3.7864 cents per share, making a total of 7.6069 cent per share for the year.

Companies mentioned