Austereo’s profits hold steady as sales fall
Radio group Austereo has reported steady profits but a drop in revenue in figures for the last six months released to the Australian Stock Exchange ths morning.
According to the ASX numbers, the company – which includes Triple M and the 2Day network as well as digital station Radar Radio – saw a net profit of $27.9m, virtually identical to the same period a year before.
But it revealed that sales revenue for the period was down by about $5m, or 3%.
See The Australian’s take here.
Linkedin
It’s the “Today Network”… not 2Day network… not to be confused with the station name “2DayFM” on the network.
User ID not verified.
Ta, Rod. My Sydney bias coming out!
Cheers,
Tim – Mumbrella