Everyman Media Group PLC

Latest Results (13.06.2024):

Revenue Growth

Everyman Media Group PLC reported a significant increase in revenue for the 27 weeks ended 5 July 2018, with figures reaching £24,916,000. This represents a 32.3% rise from the previous year's revenue of £18,830,000 during the same period, showcasing strong growth in the company's financial performance.

Profit Increase

The company also saw an improvement in profit, with Everyman Media Group PLC achieving a profit of £768,000 in the first half of 2018, up from £438,000 in the corresponding period of 2017. This increase highlights the company's enhanced profitability amidst its expansion efforts.

Expansion and Capital Expenditure

During the reported period, Everyman Media Group PLC continued its expansion by opening a new four-screen venue in York and advancing with the purchase and contracts exchange for additional sites. The capital expenditure related to these expansions was a significant part of the company's investment activities, aimed at broadening its market presence.

Operational Cash Flow

The interim financial results show a net cash use in operating activities of £2,304,000 for the first half of 2018, a shift from the £3,759,000 generated in the same period of 2017. This change reflects the increased investment in new venues and the operational costs associated with the company's growth strategy.

Dividend Policy

Reflecting on the stage of development and reinvestment needs of Everyman Media Group PLC, the Board decided not to recommend the payment of a dividend at this time. This decision supports the company's focus on using its resources to fuel further expansion and enhance shareholder value over the long term.