Metro revenues disappoint but Southern Cross Austereo reports ‘positive momentum’
Impairment costs of almost $74m for regional TV licences saw Southern Cross Austereo report a net profit after tax of $1.4m in year to June, down 98.7% from last year.
Revenue fell 5.3% to $654m, while earnings before interest and tax fell almost 13% to $154.7m.
