Stuff 1H earnings slide but Nine still optimistic of finding buyer

Thu, 21 Feb 2019

By Paul McBeth Feb. 21 (BusinessDesk) - Stuff's first-half earnings fell at a steeper pace than its shrinking revenue, but new owner Nine Entertainment Co is still optimistic it will find a buyer for New Zealand's biggest online news group this year. In its first reporting period as a subsidiary of Nine, the New Zealand business reported earnings before interest, tax, depreciation and amortisation of A$14.5 million in the six months ended Dec. 31, compared to A$18.9 million a year earlier. The 23 percent decline compared to a 14 perce...

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