Nine Entertainment (ASX:NEC) expects $390 to $410M EBITA as CFO resigns

Company News

by Katrina Bullock

Nine Entertainment (ASX:NEC) CFO Paul Koppelman has resigned for personal reasons, including the recent death of a family member.

The current Group Financial Controller, Graeme Cassells will take on the role of acting CFO effective immediately.

This news came this morning as Nine Entertainment announced that it is expecting to report Group EBITDA in the range of $390 to $410 million for the 2020 financial year.

Wholly owned net debt at 30 June 2020 is expected to be around $300 million.

Shares in Nine Entertainment (ASX:NEC) are trading 0.36 per cent higher at $1.38.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.