Announcement – Brendan Foley to lead CS Division Broadcast Services Australia Limited ABN: 50 088 412 748 ASX Announcement – 3 February 2005 Half year guidance – additional information. Broadcast Services Australia Limited (ASX: BSA) advised yesterday that the company anticipates a half year result below expectations. Though the financial results are unaudited, we anticipate EBITDA will be somewhere between $1.2M and $1.6M for the period 1 July 2004 to 31 December 2004 and Revenue will reach approximately $60M. Volume contracting, in telecommunications (Telstra contract) and subscription TV, continue to be growth sectors. The Company is also continuing to reinvest in the Home Heroes Business concentrating on increasing sales revenue. The margin pressure in the Broadcast business has been larger than expected, than when announced in November 2004, primarily due to increased competitive pressure. The Broadcast business has identified and captured a number of opportunities which will contribute to the improved EBITDA for the second half of this financial year including the Harris Microwave Distribution Agreement announced in December 2004. ENDS Ian McGregor Company Secretary Broadcast Services Australia Limited 61 (0)2 9935 5903 Broadcast Services Australia Limited is a leading infrastructure and equipment supplier to the broadcast industry, the largest provider of satellite installations for the subscription television industry and a significant provider of high volume contracting services to the telecommunications industry. For more information visit our website: www.bsa.com.au
BSA Price at posting:
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