Nine Entertainment Co. profit jumps 21%

Company News

by Rachael Jones

Nine Entertainment Co. (ASX:NEC) has reported that its full year net profit after tax rose 27 per cent to $156.7 million from $123.6 million.

Revenue rose 6.5 per cent 6.5 per cent to $1.318 billion from $1.238 billion in financial year 2017.

Group EBITDA of $257 million up 25 per cent from $205.6 million on last year’s results.

The proposed merger with Fairfax will see more change within the company if it goes through.

They will pay final dividend, for full year of 10.0 cents, fully franked, 5 cents up on last year.

Shares in Nine Entertainment Co. (ASX:NEC) are trading 2.09 per cent higher to $2.44
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.