APN News & Media Profits

Submitted by Share Trading on 19 August, 2010 - 09:34

Media company, APN News & Media (ASX:APN), owns Australian regional newspapers as well as radio stations and outdoor advertising have reported a $39 million profit for the first half of the year.

The company had $509 million in sales, down 0.2 percent, a profit of $39 million which is an improvement of 4.5 percent on the corresponding period, an EPS of 6.5 cents, down 9.7 percent and a dividend of 5 cents per share.

APN News & Media EBIT increased 19 percent to $87.1 million compared with the previous corresponding period.

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