SCA reports rise in profit and EBITDA amid 15.9% dip in revenue

Southern Cross Media Group Limited (SCA) revealed an improved net profit after tax (NPAT) and EBITDA for the first half of FY21, but reported a slide in revenue of 15.9% to $259.2 million compared to the corresponding reporting period.

In its results presentation, the company reported a 59.3% increase in NPAT to $32.5 million, while EBITDA rose 11.5% to $75.3 million.

SCA also reduced its net debt by half, to reach a “historic” low of $66.4 million.