TVNZ reports first year of stable revenues since 2012, profit up

Thu, 23 Aug 2018

By Pattrick Smellie Aug. 24 (BusinessDesk) - State-owned broadcaster Television New Zealand is counting its first year of stable revenues since 2012 as a win as it reports a 58.6 percent increase in operating earnings for the year to June 30. Total revenues of $318.5 million, an increase of 0.6 percent on the previous year, produced operating earnings of $24.6 million before interest, tax, depreciation, amortisation and changes in the value of financial instruments. On a profit before tax basis, earnings were up 265 percent to $5.1 mil...

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