9 min
Twelve Media stocks Kash In
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Fiscal Year 2016 performance was as forecasted: Seven West Media Ltd (SWM) lately signed a contract to acquire Sunday Times and PerthNow and expect these to increase the shareholder value and deal with the challenges of fragmented market in Western Australia. The group delivered as per the full year guidance in Fiscal Year 2016 and reported a 0.9% fall in underlying net profit after tax (excluding significant items) to $207.3 million. The group reported about 3% fall in the revenues to $1,726.6 million against fiscal year of 2015. Moreover, the group is accelerating the transformation of its business across all platforms. The group’s digital segment is expected to deliver greater than 150% of revenue growth.
Fiscal Year 2016 performance was as forecasted: Seven West Media Ltd (SWM) lately signed a contract to acquire Sunday Times and PerthNow and expect these to increase the shareholder value and deal with the challenges of fragmented market in Western Australia. The group delivered as per the full year guidance in Fiscal Year 2016 and reported a 0.9% fall in underlying net profit after tax (excluding significant items) to $207.3 million. The group reported about 3% fall in the revenues to $1,726.6 million against fiscal year of 2015. Moreover, the group is accelerating the transformation of its business across all platforms. The group’s digital segment is expected to deliver greater than 150% of revenue growth.
9 min