NZME financial results: $54.2m in earnings

NZME financial results: $54.2m in earnings
(Image: NZME)
Staff reporters
NZ Herald and BusinessDesk publisher NZME posted earnings of $54.2 million on Wednesday and a post-tax loss of $16m after a non-cash impairment of intangible assets – and says it is considering separating its property brand OneRoof into an entirely new business.The company also says 2025 has started more positively, with anticipated advertising revenue growth of 4% in the first quarter.Its earnings for 2024 are in line with its earlier updated guidance of $53m-$55m. The post-tax loss follows a $24m non-cash impairment of intangible a...

More Markets

Lower bond yields lift NZ sharemarket
Markets Market Close

Lower bond yields lift NZ sharemarket

Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.

Jamie Gray 30 May 2025
Turbulent market slashes 2 Cheap Cars' profit
Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 30 May 2025
Pacific Edge launches $20m capital raise
Markets

Pacific Edge launches $20m capital raise

The raise will help the medtech company continue operations for another year.

Staff reporters 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025