Fiscal Year 2016 performance was as forecasted: Seven West Media Ltd (SWM) lately signed a contract to acquire Sunday Times and PerthNow and expect these to increase the shareholder value and deal with the challenges of fragmented market in Western Australia. The group delivered as per the full year guidance in Fiscal Year 2016 and reported a 0.9% fall in underlying net profit after tax (excluding significant items) to $207.3 million. The group reported about 3% fall in the revenues to $1,726.6 million against fiscal year of 2015. Moreover, the group is accelerating the transformation of its business across all platforms. The group’s digital segment is expected to deliver greater than 150% of revenue growth.
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 Top Dividend Stocks to Consider in 2020CLICK HERE FOR YOUR FREE REPORT!