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Author Message  holycow Member Username: holycow Post Number: 851 Registered: 08-2004 Rating: N/A Votes: 0 Thursday, February 24, 2005 - 11:16 am:     The news... PBL profit up on strong economy Thursday February 24, 2005, 9:48 am Kerry Packer's Publishing & Broadcasting Ltd has reported a strong first half result, saying it was benefiting from spending in the robust Australian economy. The media and gaming group reported a 24.1 per cent higher net profit of $339.7 million for the half year to December 31, 2004. Its normalised net profit was up 26.2 per cent to $309.4 million, before non-recurring items. Publishing & Broadcasting Ltd (ASX: PBL.ax) gave no guidance on the company's full year outlook. However executive chairman James Packer said the company's strong result was driven by a robust economy. "The Australian economy remains robust, with PBL's business's benefiting from strong growth in both consumer and advertising spending and with PBL's solid earnings growth reflecting the diversity of its business mix," Mr Packer said. Chief executive John Alexander said the group's result continued to be driven by earnings growth in all core businesses. "Our investment portfolio continues to contribute positively to the group's result despite an increase in Foxtel losses," Mr Alexander said. Mr Packer said PBL's magazines division continued "impressive earnings growth" and the normalised contribution from gaming had increased significantly through strong growth at Crown and the inclusion of four months of Burswood earnings for the first time.... ~~~~~~~~~~~` The market action... ~~~~~~~~~~~~ The Daily Chart HC "... if you've got a chart, I have an opinion!"  holycow Member Username: holycow Post Number: 887 Registered: 08-2004 Rating: N/A Votes: 0 Thursday, March 03, 2005 - 11:52 am:     just a quick note here - it is making a run back up with good strong buying. I think 16.00 will be the immediate resistance. I took my profit minute ago. Not bad for a short trade. HC "... if you've got a chart, I have an opinion!"  holycow Member Username: holycow Post Number: 888 Registered: 08-2004 Rating: N/A Votes: 0 Thursday, March 03, 2005 - 11:54 am:     ...yes, I am out of AGL too. Just in case you want to know. HC "... if you've got a chart, I have an opinion!"

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