Original article by Lilly Vitorovich
The Australian – Page: 21 : 22-Feb-19
Nine Entertainment Company has posted a pro-forma net profit of $126m for the first half of 2018-19, which is five per cent higher than previously. EBITDA rose by six per cent to $252m, although revenue fell three per cent to $1.2bn. CEO Hugh Marks notes that broadcasting now accounts for 54 per cent of the group’s revenue, compared with 86 per cent prior to the merger with Fairfax Media. Nine’s shares closed 7.2 per cent higher at $1.57 on 21 February.
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED, STAN ENTERTAINMENT PTY LTD, MACQUARIE MEDIA LIMITED – ASX MRN, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, 9NOW, METRO MEDIA PUBLISHING PTY LTD, NINE.COM.AU, PEDESTRIAN