Future profit falls on weak US Canada Goose Jackets business

Recommends dividend holiday to conserve cash

Shares down 19 pct

Nov 24 (Reuters) Future Canada Goose Coats On Sale Plc full year profit tumbled 39 percent on a sharp 2018 canada goose canada goose deals fall in Canada Goose Parka advertising sales in the Canada Goose online United States, prompting the British publisher to suspend its dividend.

Shares of the company, which publishes the Xbox Magazine and a slew of other consumer magazines, fell 19 cheap Canada Goose percent canada goose replica to an all time low of 8.5 pence at 1126 GMT, 2018 canada goose outlet making the stock the canada goose coats on sale biggest buy canada goose jacket percentage loser on the London Stock Exchange.

had flagged this (dividend holiday) as a potential risk, but canadian goose jacket the market was assuming a dividend, so we see this as a negative, with payment not expected to be resumed until 2013, Investec Securities analyst Gareth Davies says in canada goose outlet toronto factory a note. publications, which account for a fourth of its sales, and is transitioning the business to a canada goose outlet store locations primarily digital model to tap the growing canada goose clearance online advertising market.

Future, which last month named its new chief executive and finance director, is in the midst buy canada goose jacket cheap of a restructuring that has seen job cuts and the departure of several senior executives.

These cost saving initiatives and a rise in digital revenue, which currently accounts for 11 percent of total sales, are canada goose store expected to help Canada Goose Outlet the company return to profit growth in the current fiscal year, Future said in a statement.

are seeing digital growth canada goose black friday sale of Canada Goose Online 36 percent over the last year canada goose coats and we are seeing very fast growth of sales Canada Goose sale on the iPad, thanks to canada goose the Apple Newsstand launch, Chief Executive Mark Wood said.

Future, which also publishes titles such as Film and Rock has seen more than six million downloads of its applications in the canadagoose-coats first month of Apple Newsstand, a feature that helps iPad users keep their newspaper and magazine subscriptions in one place.

are currently happy with analysts forecasting around the 8 million pounds mark in earnings before interest, tax, amortization canada goose clearance sale and exceptional items (for the current fisal year), which compares with the 6.6 million we have reported today, Finance Director Graham Harding told Reuters.

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