Clear Media Ltd. reported group earnings results for the year ended December 31, 2013. For the year, the company reported turnover of HKD 1,647,455,000 compared to HKD 1,522,036,000 a year ago. EBITDA was HKD 662,317,000 compared to HKD 619,245,000 a year ago, an increase of 7.0%.

Net profit was HKD 201,008,000 or 37.81 cents per basic share compared to HKD 219,236,000 or 41.44 cents per basic share a year ago. This decrease is due to a withholding tax provision of HKD 27 million for future distribution of profits from the Group's PRC subsidiary. Free cash flow was HKD 341,535,000 compared to HKD 277,528,000 a year ago, an increase of 23.1%.

Earnings before interest and tax increased by 11.3% to HKD 348 million compared to HKD 312 million a year ago. The increased taxation, particularly due to reporting tax provision, caused 2013 net profit to decline by 8.2% over the 2-years period. Net cash flow from operating activities decreased by 4.6% as a result of higher income tax payment made and fluctuation in working capital.

EBIT increased by 11.3%.