Nine Entertainment Co Holdings Limited
(ASX:NEC) has reported a dip in full year net profit of 2.9 per cent to $140.1 million, on an underlying pro-forma basis.
The television media company did however report write-downs totalling $732 million which would result in a FY net loss of almost $600 million on continuing operations.
The company says the bulk of the impairment was non-cash charges relating to write-downs on licence and goodwill values.
Beyond that the company says revenue pushed up 2.6 per cent while group earnings (EBITDA) went the other way, down 7.6 per cent.
Declaring a final dividend of $0.05 puts the full year dividend at $0.092 per share.
