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Full-Year Results Unveiled by two Media Companies– Nine Entertainment and Southern Cross

August 23, 2019 / Team Kalkine

During the financial year, in December 2018, the company merged with Fairfax. On other acquisitions front, NEC acquired the remaining 40.78% of securities in CarAdvice.com Pty Ltd in November 2018, and it also acquired remaining 41.3% of 112 Pty Ltd in April 2019. The company has declared a fully franked dividend of AU 5 cents per share, which is payable on 17 October 2019, and the record date for the dividend is 27 September 2019. Also, it would go ex on 26 September 2019. Reportedly, the reported revenue from continuing operations was up by 40% over the FY2018 from $1,318.2 million to $ 1,848.1 million in FY2019. The reported group EBITDA from continuing operations reached to $349.9 million in FY2019, up by 36% over the FY2018 from $257.2 million. Meanwhile, the reported net profit after tax from continuing operations was up by 19% to $187.1 million in FY2019, up from $156.7 million in FY2018. It is worth noting that the reported/statutory results consist of the contribution from Fai...