destra’s strategy is to create and acquire content (Intellectual Property) and build Communities around that content. We have succeeded in this endeavour over the past two years with 14 acquisitions and a number of distribution partnerships. destra is now able to monetise that content and leverage those communities via advertising. We are currently ranked the number one independent digital media publisher in Australia.”
28th February, 2008: Australia’s largest independent (non studio) digital media and entertainment company, destra Corporation Limited (ASX:DES), today released its half yearly financial results for the period ending 31st December 2007. destra reported record revenue and profit results for its continuing operations with an improvement in normalised earnings before interest, tax, depreciation and amortisation (EBITDA) of 429% to $6.5M1.
- Group Revenue $66.6M - up by 121%
- Normalised EBITDA 6.5M (excludes one off costs) - improved by 429%
- Reported EBITDA $6.0M - improved by 390%
- Net Profit Before Tax $2.9M - an increase of 853%
destra Corporation has consolidated its financial performance for the December half through a combination of organic growth and the impact of business acquisitions.
destra Corporation CEO, Domenic Carosa, said that the positive results are a reflection of the completed transition of the business to a fully integrated digital media and entertainment company; “We are pleased with these results that reflect the hard work and dedication of our team and we are confident that the platform we have created will deliver continued earnings growth over the coming years.
destra’s strategy is to create and acquire content (Intellectual Property) and build Communities around that content. We have succeeded in this endeavour over the past two years with 14 acquisitions and a number of distribution partnerships. destra is now able to monetise that content and leverage those communities via advertising. We are currently ranked the number one independent digital media publisher in Australia.”
Carl Olsen, Chairman, destra Corporation, says, “The past two years have seen destra acquire a synergistic portfolio of media and entertainment businesses. Now we are moving into a period of consolidation and integration, where we will focus on extracting the maximum value from each of the businesses acquired over the past 24 months.”