Australia’s Nine Network posts major profits

Published

3 years ago

August 25, 2021

Australia’s Nine Entertainment network has reported massive profits of $184 million

Nine which owns a television network, radio network and two streaming services has continued to see record growth despite the ongoing pandemic

The company’s CEO says the entertainment giant has been able to carry out its long-term strategy despite the challenges of the COVID-19.

“With the foundation of Nine’s unique assets, strong cash flows and a supportive Board, we have a clear vision for the future as Australia’s Media Company,”
Nine CEO said.

Nine grows revenue by 8% to $2.3bn, profits up 76% https://t.co/PQLxXH0pPV pic.twitter.com/OhySq6mq7l
— Newsmaker (@NewsMaker) August 25, 2021

Nine Entertainment Co will pay a final dividend of 5.5 cents per share

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