TVNZ posts $25.7m net after-tax profit

TVNZ posts $25.7m net after-tax profit
(Image: Getty)
Staff reporters
TVNZ has completed a remarkable financial turnaround over the past 12 months, announcing a $25.7 million net profit after tax ($10.7m adjusted) on Friday, and a dividend to taxpayers for the first time in three years, the NZ Herald reported.The turnaround – from an $85m net loss after tax in the previous 12 months – follows major cost-cutting across the organisation, including roles at every level and the loss of shows such as Sunday and Fair Go.The final reported net profit after tax of $25.7m includes net positive, non-cash impair...