APN News & Media
(ASX:APN) has cited higher tax expense behind a 7 percent fall in net profit.
The media company reported net profit after tax of $70.2 million for the 12 months ending 31 December 2015.
Revenue from continuing operations was up 1 percent to $850 million, while EBITDA also grew 1 percent to $166.2 million.
Looking ahead, APN News & Media said the mixed conditions experienced in 2015 have continued into 2016.
The company also noted it has commenced a process to divest its regional newspaper business Australian Regional Media.
