Austereo Group has posted a lift in full year net profit after its buoyancy in ratings helped drive an increase in advertising, and said it's well placed to capitalise on future advertising opportunities.
Austereo reported a 5.1 per cent lift in net profit to $48.824 million for the year ended June 30, 2008.
The owner of the Triple M and Today radio networks posted a 4.6 per cent lift in revenue to $266.722 million.
"Austereo is uniquely placed, through its current leading ratings and sales share, to capitalise on future advertising market uplift,'' chief executive Michael Anderson said
Austereo profit rise
Sunday, August 24, 2008 | Labels: Radionews |
Austereo Group has posted a lift in full year net profit after its buoyancy in ratings helped drive an increase in advertising, and said it's well placed to capitalise on future advertising opportunities.
Austereo reported a 5.1 per cent lift in net profit to $48.824 million for the year ended June 30, 2008.
The owner of the Triple M and Today radio networks posted a 4.6 per cent lift in revenue to $266.722 million.
"Austereo is uniquely placed, through its current leading ratings and sales share, to capitalise on future advertising market uplift,'' chief executive Michael Anderson said
Austereo reported a 5.1 per cent lift in net profit to $48.824 million for the year ended June 30, 2008.
The owner of the Triple M and Today radio networks posted a 4.6 per cent lift in revenue to $266.722 million.
"Austereo is uniquely placed, through its current leading ratings and sales share, to capitalise on future advertising market uplift,'' chief executive Michael Anderson said
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