APN News & Media sees profits fall

Company News

APN News & Media (ASX:APN) has cited higher tax expense behind a 7 percent fall in net profit.
The media company reported net profit after tax of $70.2 million for the 12 months ending 31 December 2015.
Revenue from continuing operations was up 1 percent to $850 million, while EBITDA also grew 1 percent to $166.2 million.
Looking ahead, APN News & Media said the mixed conditions experienced in 2015 have continued into 2016.
The company also noted it has commenced a process to divest its regional newspaper business Australian Regional Media.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.