TF1: full-year earnings slump 64%
(CercleFinance.com) - TF1 has reported net income, group share of 55.
3 million euros, down 64.3%, with an underlying operating margin that is down 1.8 point to 9.1%, for revenue of 2.08 billion euros, down 10.9%.
The media group explains that all of its businesses were impacted by the Covid-19 health crisis, with advertising revenue declining 10.2% over the year, although it picked up 4.5% in the last quarter.
The board of directors is proposing to pay a dividend of 0.45 euro per share, representing 73% of net profit restated for the non-current accounting impact of the impairment of the Unify division's asset value (75 million euros).
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