Seven West Media holds FY guidance but HY revenue dips

Company News

by Anna Napoli

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.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.