APN media reveals 27 per cent underlying profit increase with ARN revenues up 18 per cent

APN Media has reported an increased underlying profit of  $75.2 million, an increase of 27 per cent on last year’s results the company revealed today. 

The company which owns the Australian Radio Network (ARN) and various newspaper and advertising holdings, said earnings before interest taxes and depreciation were $164.1 million, up 1 per cent.

Revenue from continuing operations was up 3 per cent to $843.2 million for the year ending December 2014, although Australian print asset revenues were down 7 per cent to $202.1 million.

However, the strength of ARN and its ratings dominance in Sydney in particular through the Kiis FM and WSFM networks saw its revenues rise 18 per cent to $180.9 million