Seven West Media Limited
(ASX:SWM) has lifted its net profit by 97.1 per cent to $227 million in fiscal 2012. The profit result has almost doubled in the first complete trading year since Seven’s $4 billion merger with West Australian Newspaper Holdings.
CEO Don Voelte that Seven’s businesses have performed well in a difficult year for media companies.
Mr Voelte says that the media giant is focused on greater efficiencies across the company to manage costs and maintain its market leading margins.
Seven West has declared a fully franked dividend of 6 cents per share.
