HT&E Ltd (AU:A1N) has released an update.
ARN Media Limited reports a solid operational performance in its 2024 half-year results, with a 4% rise in group revenues and a 10% increase in EBITDA on a pro forma basis. Despite challenging market conditions, the company has seen robust growth in digital audio revenues and a strong audience hold in its metropolitan networks. However, the company faced a 5% drop in group EBIT, primarily due to new contract costs in Hong Kong, while maintaining a sound balance sheet with prudent leverage.
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