Ten sees profit rise in first half results

Tim Burrowes

March 31, 2010 2:28

Ten Network Holdings has reported underlying group net profit after tax of $58.7m in the six months to February 28, up from $56.8m in the corresponding period last year.

However, earnings before interest, taxes, depreciation and amortization (EBITDA) fell slightly by 1.2 per cent during the period to $117.5m.

In other results, EBITDA for its TV business rose 3.5 per cent to $110.2m, while it also managed to take a 30 per cent ad revenue share in the six months to the end of December.

The network is hoping the return of MasterChef on its main channel in April will give it a much needed ratings boost. New shows to launch this year are Junior MasterChef, Hawke and newly commissioned series of Offspring and Keeping Up with the Joneses.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.