Southern Cross Revenue Plunges for FY20

1 min read | August 20, 2020 12:41 PM AEST | By Team Kalkine Media

Google News:

Recent News

ASX Mining Stocks Face New Portfolio Discipline Test

Inside The ASX Metal & Mining Stocks Reset As copper and critical mine...

Lithium Stocks 2026: The Mine Ramp Reality Screen ASX Readers Are Watc...

Lithium Stocks Reset as Downstream Strategy Takes Focus

Make Kalkine Media
My Trusted Source

Southern Cross Media Group Limited (ASX:SXL) announced FY20 results which reflect strong cash flow, improved balance sheet as well as growing demand for its core audio products and gradual progress in revenues since May 2020. Some highlights are:

EBITDA of $108.2 million for FY2020, representing an EBITDA margin of 20%.
Revenue dropped by 18.2% in both Audio and Television to $540.8 million.
NPAT of $25.1 million was recorded for FY20 as expenses reduced by 12.8% or $65.8 million on pcp.
The company has decided not to pay dividend for FY20 and does not expect the same for FY21.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.