Southern Cross Austereo post $100m profit

August 29, 2012 10:46

Southern Cross Austereo has announced its first figures since the company formed in July 2011 after Southern Cross Media merged with Austereo in April 2011.

The company took $95m in net profit after tax for the year ending 30 June 2012.

The announcement from Southern Cross Austereo:

Southern Cross Austereo (ASX Code: SXL) today announced its financial results for the full year to 30 June 2012. CEO Rhys Holleran confirmed a 48% increase in net profit after tax to $95.0 million dollars for the Southern Cross Media Group (SCMG). Key highlights include:

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Colin Delaney

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