Business
Despite a $575m loss, Nine is ‘weathering many of the recent storms facing the Australian economy’ – Mumbrella
Nine’s results this morning saw it post a $575m loss for the 2020 financial year, but CEO Hugh Marks says the business is performing as well, if not better, than should be expected during COVID-19 and its economic impact.The loss was largely related to a $665…
Nines results this morning saw it post a $575m loss for the 2020 financial year, but CEO Hugh Marks says the business is performing as well, if not better, than should be expected during COVID-19 and its economic impact.
The loss was largely related to a $665m write-down of goodwill relating to real estate business Domain and Nines TV broadcast assets. Excluding the write down, profit was $155.9 million.
Nines FY20 reported results…
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