SCA Sees Revenue And Net Profit Increase Over The Past Six Months

SCA Sees Revenue And Net Profit Increase Over The Past Six Months
B&T Magazine
By B&T Magazine



In what’s sure to bring a smile to the faces of those at Southern Cross Austereo, the media company has released its half yearly results – ending December 2015 – showing a lift across revenue, EBITDA and net profit after tax.

The results posted to the Australian Securities Exchange (ASX) this morning show revenue for the company was 4.7 per cent to $322 million, EBITDA (earnings before interest, taxes, depreciation and amortisation) was up 6.5 per cent to $91.4 million and (NPAT (net profit after tax) was up 25.1 per cent to $43.4 million.

CEO Grant Blackley said in a statement to the ASX that the results demonstrate “material progress in the operational turnaround of Southern Cross Austereo”.

In the announcement, Blackley highlighted the work the company is doing on its radio business, particularly on talent. Over the past year, SCA has brought back radio duo Hamish & Andy, and given the boot to flailing brekkie show Dan & Maz to bring in Rove & Sam.

“We have been heavily investing in our strong radio business, particularly on talent and marketing. We expect to derive increasing benefit from those investments in future periods,” Blackley’s statement continued.

“We have focussed on monetising all of the group’s assets, improving our commercial market share and yield, while improving efficiency as part of an ongoing review of the business functions and non-core assets.”

For the rest of the financial year, which ends 30 June 2016, SCA expects further revenue growth across its radio business, particularly in the metro market.

While noting regional TV markets are “likely to be subdued”, the regional radio markets are expected to remain stable.




Latest News

Sydney Comedy Festival: Taking The City & Social Media By Storm
  • Media

Sydney Comedy Festival: Taking The City & Social Media By Storm

Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]

Global Marketers Descend For AANA’s RESET For Growth
  • Advertising

Global Marketers Descend For AANA’s RESET For Growth

The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA  Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]