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Article: John Fairfax Holdings (FXJ) $3.09.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 23, 2002
CopyrightCOPYRIGHT 2002 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sep 23, 2002 (Your Money Weekly - ABIX via COMTEX)
John Fairfax Holdings has received a "long term accumulate" recommendation when its shares are priced near $A3. The Australian newspaper and magazine publisher met market expectations in 2001-02, reporting a net profit after tax and dividends on reset preference shares of $A81.9 million. Total operating costs declined by 3.8 per cent to $A943.6 million, but EBIT plunged by 32.3 per cent. Although greater demand for display advertising may improve the poor advertising market in ...