For the fiscal year ended Aug. 27, TVA Group reports an increase of 32% in net earnings to $40.2 million or $0.31 per share, compared to $30.4 million or $1.06 the previous year.

‘Fiscal 2000 was a pivotal growth year for TVA Group with the acquisition of Motion International and Trustar and with our investment in Netgraphe. As a result, TVA Group has more than doubled its size in the past year,’ says TVA Group president and ceo Daniel Lamarre.

Consolidated revenues for the year totaled $289.3 million, a 21% increase over the $239.1 million in consolidated revenues reported last year.

However, revenues from tva’s core broadcasting division dropped slightly this year to $224.3 million, compared to $224.6 million last year.

ebitda for the year also declined, ringing in at $62.8 million, compared to $63.8 million a year ago. ebitda from broadcasting was $61.8 million this fiscal, compared to $64.3 million last.

The company’s production and distribution division posted an ebitda loss of $4.3 million, compared to a loss of $1.6 million the year before. Revenues for the p&d division reached $26 million, of which $24.4 million resulted from the activities of Motion International over the final two-and-half-month period in the fiscal year.

Revenues for the marketing division increased to $13.8 million compared to $63.8 million in ’99, and the new publishing division generated ebitda of $4.4 million.

TVA Group’s participation in the results of related companies grew to $5.8 million in fiscal 2000 from $0.2 million in ’99.

Cash flow from continuing operations for fiscal 2000 totalled $38.4 million ($1.26 per share) compared to $43.9 million ($1.53 per share) in ’99.

The acquisition of Trustar in January and, in particular, of Motion International in May, affected the financial structure of tva. Shareholders’ equity for fiscal 2000, including gains on dilution, was 17%, while the long-term debt-to-equity ratio was 26%. *