Ten reports earnings tumble
Ten has revealed its financial results for the financial year ending August 2011, with earnings before tax down more than 17%.
The top line results:
Group revenue of $1.0 billion
Group EBITDA of $172.5 million
TV EBITDA of $154.1 million
Out-of-Home EBITDA of $18.4 million
Reported Group net profit after tax of $14.2 million
Underlying Group net profit after tax of $74.1 million
Total restructuring charges of $85.4 million
Dividend of 5.25cps (fully franked)
