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Nine Entertainment Co Holdings Limited (ASX:NEC) has tripled its interim net profit and unveiled a $150 million on-market share buyback.
The television and entertainment company’s net profit jumped to $90.98 million in the first half of the 2015 financial year from $31.7 million the year before.
Nine has described the result as solid, underpinned by improving revenue share and maintaining ratings leadership in all key advertiser demographics.
Looking ahead Nine Entertainment has confirmed it expects to generate a 10 per cent improvement in net profit over the full 2015 financial year.
An unfranked dividend of 4.2 cents per share has been declared.
News: Nine H1 profit jumps, unveils $150M buyback
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$1.26 |
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| Open | High | Low | Value | Volume |
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| 6 | 40829 | $1.26 |
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| Price($) | Vol. | No. |
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