Seven West Media
(ASX:SWM) has reported its net profit after tax (NPAT) rose to $100 million for the half year ended December 2017.
The company’s revenue fell 11 per cent to $809 million.
Meantime, Sevenwest’s earnings (EBIT) increased by 7.2 per cent to $159 million.
A final dividend of 2 cents per share will be paid out during the current reporting period.
The company says the decrease in revenue is due to a softer ratings period but despite the missed results the company has maintained their full year guidance.
Shares in Sevenwest Media
(ASX:SWM) are trading is trading 5.88 per cent higher to $0.54.
