Seven Group Holdings Ltd
(ASX:SVW) has reported a net profit of $719 million for the twelve months to 30 June.
The media, industrial services and investment company was established in April, when Kerry Stokes was granted approval to merge $3 billion of his interests.
In fiscal 2010 Seven posted operating revenue of $2.4 billion, in line with guidance.
Earnings before interest, tax, depreciation and amortisation increased 7 per cent from the forecast to $239 million.
Seven says it is well placed for growth and sales and earnings guidance remain on track for the following year.
A fully franked dividend of 18 cents per share has been declared.
Seven Group Holdings recorded a $12.49 million profit for the year to 30 June 2009.
