tiprankstipranks
Company Announcements

Nine Entertainment Reports Mixed Half-Year Financial Results

Story Highlights
Nine Entertainment Reports Mixed Half-Year Financial Results

The latest update is out from Nine Entertainment Co. Holdings Limited ( (AU:NEC) ).

Nine Entertainment Co. Holdings Limited reported its financial results for the half year ending December 31, 2024, showing a 2% increase in revenue from ordinary activities. However, the company experienced a 15% decline in net profit after tax, attributed to specific items affecting the financial performance. Despite the decrease in profit, Nine Entertainment announced a fully franked interim dividend of 3.5 cents per share, payable in April 2025, reflecting its commitment to returning value to shareholders.

More about Nine Entertainment Co. Holdings Limited

Nine Entertainment Co. Holdings Limited operates in the media and entertainment industry, offering a range of services including television broadcasting, digital media, and publishing. The company is focused on delivering content across various platforms to a diverse audience in Australia.

YTD Price Performance: 40.08%

Average Trading Volume: 3,479,420

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$2.74B

See more data about NEC stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1