I am pleased to report on the unaudited results of the Company for the six months ended 30th June 2006.

The Company achieved revenues of $ 77.8m , an increase of 46.8% over last year. Profit attributable to shareholders of $15.9m represents an increase of 76.8% over last year, and earnings per share of forty cents is also 82% better than the twenty two cents reported for the corresponding period last year. The performance of both the Newspaper and Radio Divisions far exceeded last year’s performance, and the results of the Television Division, established in September 2005, also exceeded budgetary projections.

The improvement in performance has been achieved as a result of increased market
demand, strong brands across our divisions, improved operational efficiency and effective
business strategies.
 

The Board is therefore pleased to declare an interim dividend of fifteen (15) cents to ordinary
shareholders ( 2005 – 12 cents ) and 4% on the 6% Preference shares.

Dennis Gurley
CHAIRMAN

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