Fairfax NZ annual earnings fall 15 percent, outperforming Australian titles

Thu, 22 Aug 2013

By Paul McBeth Aug. 22 (BusinessDesk) - Fairfax Media Group’s New Zealand unit, which includes the Dominion Post, Press and Sunday Star Times newspapers, reported a 15 percent decline in annual earnings, outperforming the company’s papers In Australian. New Zealand earnings before interest, tax, depreciation and amortisation fell to $77.8 million in the 12 months ended June 30, from $91.7 million a year earlier, the Sydney-based company said in a statement. In Australian dollar terms, earnings fell 14 percent to A$62.3 million. The local un...

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