SCA reports revenue dip but EBITDA rises and profits soar 91.6% to $48.1m

Southern Cross Media Group (SCA) has continued its recovery after a heavily COVID-impacted 2020 calendar year, with revenues and profits continuing to climb back.

Revenue for the 2021 Financial Year fell 2.2% year-on-year to $529.1 million, showing significant bounce back after revenues slid 15.9% in its half-year results.

Expenses fell 6.8% to $403.2 million for the year ending 30 June, while EBIDTA grew $125.9 million, a 16.4% increase. Net debt was also reduced by 59.8% to $53 million.