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16favourable results are largely attributable to elections advertising revenue, and to a lesser extent, new revenues from billboard advertising.Our multi-media segments performed exceptionally well. Revenue increased by $17.8M or 19.4% and Income before Taxation increased by $10.3M or 35.8%. The balance sheet remains strong. Net assets grew by $5.8M to $322M. Our cash reserves stood at $94.4M as at the end of the fnancial year. During the year the business generated cash of $44.3M compared to $34.9M in 2014. From the cash generated the company invested $33.5M which included the purchase of property, plant and equipment, the acquisition of a subsidiary and the securing of FIFA World Cup rights. The company also repaid borrowings and paid dividends of $24.1M during the year.The company has a gearing ratio of less than 1% (2014:2%).The Board approved a fnal dividend of 47 cents per ordinary share bringing the total dividend for fnancial year 2015 to 65 cents per ordinary share (2014: 60 cents) and 4% on preference shares. This dividend will be paid on June 13, 2016.Closing RemarksOur continued investments in electronic billboards, and an additional radio station in Guyana, attest to the commitment of the Board and management to the growth thrust of GML. These investments enhance our competitiveness, and solidify our position as the dominant media operator in Trinidad and Tobago.On behalf of the Board of Directors I would like to express our appreciation of the management%u2019s efforts in this regard. I would also like to thank all members of the GML family for their support, dedication, and commitment.To our thousands of loyal viewers, readers, and listeners who now additionally access our product offerings on a myriad of mobile devices, I say thank you.We have continued to enjoy a mutually respectful and co-operative working relationship with the BIGWU. To the leadership of the trade union I express our appreciation.Finally I wish to extend my personal gratitude to my fellow directors for their guidance and support, and for their very valuable contributions to the deliberations of the Board.Grenfell KissoonChairman