Southern Cross Austereo profit up to $45.9m for first half of year
Southern Cross Austereo has reported increased revenues by 1.3 per cent and profit by 1.8 per cent after tax to $45.9m in its financial results for the half year to December 31.
Earnings from TV were up $1.4m for the period to $112.4m, and radio saw a $4.8m upswing to $219.5m.
The Southern Cross Media Group (SCMG) also confirmed successful re-financing of its $650 million debt facility on “more favourable terms”.
