Nine misses out on a medal this financial year
Nine has weathered a troubling 12 months from a cultural standpoint, and the company now can’t present a healthy budget to appease shareholders as earnings, revenues, and net profit tumbles.
Group earnings before tax were down 12% for the year, to $517 million, with net profits down 28%, to $262.1 million.
Revenue also fell by 3%, to $2.62 billion.
What a dreadful piece of journalism. Talk about biased with a mean edge. couldn’t you just state the facts without insinuations and assumptions?
Did you mention that the Nine mob were reported as owin over half a BILLION dollars ? That seems a lot.
Just reboot Spellbinder and watch the profits soar.