Nine’s group profit squeezed in latest half-year earnings

Nine Entertainment Co. (Nine) has posted an increase in group revenue to $1.4 billion in its half-year result for the financial year 2023. However, its net profit felt some pressure.

The net profit without specific items after tax was $190 million, compared to $225.5 million in the previous corresponding period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) before specific items was $370.5 million, down 9% from the previous year’s record $406.3 million.