{"id":32562,"date":"2013-02-28T13:12:29","date_gmt":"2013-02-28T11:12:29","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=32562"},"modified":"2013-03-01T08:37:53","modified_gmt":"2013-03-01T06:37:53","slug":"kagiso-looks-to-msn-africa-portals","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/32562\/kagiso-looks-to-msn-africa-portals\/","title":{"rendered":"Kagiso looks to MSN Africa portals"},"content":{"rendered":"

JSE<\/a>-listed\u00a0Kagiso Media<\/a>\u00a0says\u00a0its partner, Microsoft<\/a>, has approved expansion plans to East and West Africa, with MSN\u00a0Africa portals planned to go live in July.<\/p>\n

Kagiso\u2019s MSN business was established in a partnership with Microsoft (MSN) in 2010 to manage and localise the www.howzit.msn.com portal in South Africa.<\/p>\n

On Thursday (28 February) Kagiso Media reported a 56% rise in group revenue in\u00a0interim results for the period ended December 2012,\u00a0to\u00a0R709 million, but also noted that operating profit dropped to R140.19 million, from R148.71 million in 2011.<\/p>\n

Diluted headline earnings per share dropped to at 80.5 cents, versus 82.1 cents before.<\/p>\n

The company said it would pay an interim dividend of\u00a045 cents per share, from 41 cents in the prior year.<\/p>\n

New Media<\/strong><\/p>\n

Kagiso said its\u00a0New Media division continues to enjoy exceptional revenue growth, up 43% from R38 million in 2011, to R54,5 million; however, operating profit\u00a0remains flat. “This is due to ongoing investment in people, systems and marketing, to support the operations as they move from the early start-up stages\u00a0to the next stage of growth,” it said.<\/p>\n

The cash generated from operations increased by 15% to R167.5 million, largely driven by its broadcasting division. Brands within this division include:\u00a0East Coast Radio,\u00a0Jacaranda FM 94.2,\u00a0Heart 104.9,\u00a0Ofm 94-97, and\u00a0Kaya fm.<\/p>\n

The group said it maintains\u00a0a healthy cash balance of R416,9 million.<\/p>\n

Outlook<\/strong><\/p>\n

Looking ahead,\u00a0Kagiso said that the South African economy remains in a low growth cycle, and it anticipates a continued slowdown in economic growth in the coming months.<\/p>\n

However, the group said that\u00a0trading conditions should prove resilient in the coming months, given that most of its operations trade in relatively mature markets.<\/p>\n

“The outlook for New Media is in line with expectations and remains positive. Our partner, Microsoft, has approved expansion plans to East and West Africa, and the MSN\u00a0Africa portals are planned to go live in July 2013,”\u00a0Kagiso said.<\/p>\n

More on Kagiso Media<\/h3>\n

MSN business set for growth in 2013: Kagiso<\/a><\/strong><\/p>\n

Howzit MSN looks for love with dating site<\/strong><\/a><\/p>\n

Kagiso CEO steps down<\/a><\/strong><\/p>\n

Kagiso Media on acquisition trail<\/strong><\/a><\/p>\n

Kagiso Media reports 15% rise in H1 revenue<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

JSE-listed Kagiso Media says its partner, Microsoft, has approved expansion plans to East and West Africa, with MSN Africa portals planned to go live in July.<\/p>\n","protected":false},"author":9,"featured_media":22145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[26,1786,169],"class_list":["post-32562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-headline","tag-kagiso-media","tag-microsoft"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/32562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=32562"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/32562\/revisions"}],"predecessor-version":[{"id":32569,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/32562\/revisions\/32569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/22145"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=32562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=32562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=32562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}