NZME first half earnings edge up 1%, though headwinds remain

Wed, 23 Aug 2017

By Rebecca Howard Aug. 24 (BusinessDesk) - NZME increased first half trading earnings 1 percent as audience numbers ticked up but warned that headwinds remain and said completing the merger with Fairfax Media remains a priority. Trading net profit was $9.9 million in the six months ended June 30 versus $9.8 million a year earlier, earnings per share of 5 cents, in line with the prior period, the Auckland-based company said in a statemen. Statutory net profit sank to $7.8 million, or 4 cents per share, from $60.8 million, or 23.9 cents, w...

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