Nine Entertainment’s profit jumped by 27% to $157 million for the financial year ended 30 June 2018. Net Profit from ordinary activities after tax increased to $156 million from $123 million in prior year as revenue from ordinary activities increased to $1.32 billion, up 6% in FY18.
Group’s digital business has recorded a significant revenue growth of 7%, underpinned by contribution from 9Now, PedestrianTV and CarAdvice, utilized to offset declining revenue in traditional display category and contribution loss from Bing.
EBIT grew 25% to $257 million notwithstanding the negative impact of spectrum charge and loss pertaining to Bing’s absence. Earning per share was 18 cents, up 3.8 cents in fiscal 2018.
The company declared a fully franked final dividend of 5 cents per share, bringing the total FY18 dividend to 10 cps, slightly up by 0.5 cents from previous year. The final dividend is payable on 17 October 2018.
Net Debt at 30 June 2018 reduced to almost half from $224.5 million in FY17. This reflects the contribution from profit on sale of the group’s Willoughby site.
Looking into FY19, nine intends to observe continuous growth in its digital business, 9Now, and report group’s EBITDA within a range of $280 million to $200 million.
NEC is trading at $2.390 with no price change observed today i.e. 23 August 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.