APN profits up 16%

Australian media group APN, in which Independent News & Media has a 40.5% shareholding, increased net profits after tax by 16% to AUS$149.7m (€90.1m), its chairman announced at its AGM today.

APN profits up 16%

Australian media group APN, in which Independent News & Media has a 40.5% shareholding, increased net profits after tax by 16% to AUS$149.7m (€90.1m), its chairman announced at its AGM today.

Revenues grew by 7% to AUS$1.36bn (€818.2m) and basic earnings per share were up 15% to 31.1 cents per share.

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