Fairfax Media (FXJ) shares hit a 2year high today. After the company posted a 50% slide in profit ($193.8 million) but beat the street with improved earnings...

CommSec

Online Stockbroker

Fairfax Media (FXJ) shares hit a 2year high today. After the company posted a 50% slide in profit ($193.8 million) but beat the street with improved earnings and a higher dividend. The company reduced its Net debt by $234.1 million. FXJ's first 5 weeks run rate for 2H14 was better than the market had expected only down 3% when the market was looking for a fall of 6% FXJ's transformation program is going well still selling off non-core businesses. The interim dividend increased to $0.20 cps was up from 1cps in 1H13. Watch the full report here:


CommSec
Online Stockbroker
Online Stockbroker

CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...

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