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Southern Cross Media Group Limited (ASX:SXL) has blamed weak television advertising markets and lower metro radio market share for a drop in its interim profit.The radio networks owner’s net profit sank 24.4 per cent to $34.7 million in the first half of the 2015 financial year while revenue fell 7.3 per cent to $307.6 million.CEO Rhys Holleran says Southern Cross’s strategic direction and focus on debt reduction will put the company in a sound position to improve over this financial year and the next.Southern Cross has also appointed Peter Bush as Chairman to replace Max Moore-Wilton.A fully franked interim dividend of 3 per share has been declared.
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Last
53.5¢ |
Change
0.005(0.94%) |
Mkt cap ! $119.9M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.0¢ | 53.5¢ | $10.06K | 18.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4821 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 1806 | 3 |
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| Last trade - 10.19am 26/11/2024 (20 minute delay) ? |
| SXL (ASX) Chart |
