NZME first-half net profit dips but revenue up

NZME chief executive Michael Boggs. (Image: NZME)

Tue, 27 Aug 2024

New Zealand Media and Entertainment (NZME) says its first-half revenue was slightly up on the year before despite a tough trading environment.The media group behind the New Zealand Herald, BusinessDesk, Newstalk ZB and OneRoof reported a first-half net profit of $1.9 million, down 4.3% on the year before. But there was a 3% lift in operating revenue and other income to $171m.Operating earnings before interest, tax, depreciation and amortisation (ebitda) were $21.4m compared to $21.3m in the previous corresponding period.NZME declared an interim...

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