Friday 5th December 2008
|Text too small?|
It gave no explanation for the sudden move. Brian McCarthy, who had been Kirk's deputy, steps up as acting CEO pending a board meeting on Dec. 10.
Chairman Ronald Walker praised Kirk's performance in the past three years, a period during which the company repositioned itself as a multi-media platform. The Trade Me auction site is among its assets.
Kirk said is now "far advanced" on local and international peers "in adapting the business to the modern digital world." Fairfax stock was recently down 2.7% to A$1.45 and has tumbled 68% in the past 12 months.
Kirk last month told shareholders at their annual meeting that he was aware they were "greatly concerned about our share price." In the first quarter of the current year EBITDA was about 15% below the same period of 2007, he said on Nov. 13 Second quarter earnings will also fall, "by mid single digit percentages," reflecting cost cuts.
No comments yet
Greenfern Industries Limited (NZX: GFI) Releases Interim Results
Hallenstein Glasson Holdings Limited (NZX: HLG) Announcement of Final Dividend
26th November 2021 Morning Report
EROAD Limited (NZX: ERD) Accelerates Towards Next Phase of Growth
Green Cross Health Limited (NZX: GXH) REPORTS STRONG HALF YEAR PROFIT OF $9.7M
Stride Property Ltd & Stride Investment Management Ltd (NZ: SPG) Placement Size Increased Following Strong Demand
General Capital Limited (NZX: GEN) Announces Very Strong Growth
25th November 2021 Morning Report
Gentrack Group Limited (NZ: GTK) Annual Results for the Year Ended 30 September 2021
Pacific Edge Limited (NZX: PEB) Results for Six Months Ended 30 September 2021