Nine Entertainment Co.’s Half-Year Result 26 Feb 20: Nine Entertainment Co. (NEC) grows its digital business

Nine Entertainment Co (NEC) has reported underlying net profit after tax (NPAT) of $114.3 million, an increase of 5% on this time last year. NPAT including $12 million of specific items fell 41% to $101.9 million while NPAT including the contribution from discontinued operations fell 49% to $87.3 million. Revenue in the period rose 67% to $1.2 billion. This delivered earnings before interest, tax depreciation and amortisation (EBITDA) of $251 million an increase of 41%.

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