HT&E’s revenue slips slightly as company says ‘difficult decisions’ are paying off

February 24, 2020 9:57

Here, There and Everywhere (HT&E), the parent company of Australian Radio Network (ARN), has delivered full-year revenue of $252.7m, down 7% from 2018’s $271.8m.

Despite the decline, chairman Hamish McLellan said HT&E is delivering great results in a tough cyclical advertising market, and that its previous “difficult decisions” are paying off.

HT&E’s full-year results (Click to enlarge)

“The company is highly profitable, cash generative with a new lean corporate structure that leaves it poised to capture upside in any recovering ad market,” he said.

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Vivienne Kelly

Vivienne Kelly was previously the editor of Mumbrella from 2016 to August 2020.

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