Nine Entertainment
(ASX:NEC) has announced a full year loss of $203.4M.
Revenue was down 3 per cent to $1.24B, attributed in part to a soft Free To Air market and the Rio Olympics, which were screened on rival Seven’s network.
Group EBITDA did lift, up 2 per cent to $206M, while Group Costs came down by 1 per cent.
Online subscription channel STAN was an operational highlight, with active subscribers approaching the 800K mark.
The company has announced a final dividend payment of 5 cents.
Shares in Nine Entertainment
(ASX:NEC) are trading about 4.36% higher at $1.55.
