TVNZ beats full-year earnings targets in first six months

Tue, 27 Feb 2018

By Pattrick Smellie Feb. 28 (BusinessDesk) - State-owned broadcaster Television New Zealand reported a 17 percent improvement in operating earnings for the six months to Dec. 31. At $30.2 million, earnings before interest, tax, depreciation, amortisation and movements in the value of financial instruments are already well ahead of the $14.7 million full-year target operating earnings target accepted by shareholding ministers in its 2018 statement of performance expectations. The result compared with $25.8 million in the same period the...

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