ARN & TRN report earnings growth

Staff Writer

APN News & Media has released their half-yearly financial report to the market today reporting a group net profit for the half of $12.8m, a strong turn-around from a massive loss last FY of $312m.

The radio divisions of ARN, and TRN, both punched well above their weight.

The Australian Radio Network reported revenue growth of 7% for the half-year, with EBITDA up 14% to $27.0m; whilst TRN in New Zealand reported revenue growth of 8% and EBITDA growth of 27%.

APN CEO MIchael Miller spoke in glowing terms of the radio performance;

"Radio has had a stellar half, increasing market share in both Australia and New Zealand and the recent launch of iHeartRadio in both these markets will provide new and larger audiences"

Below are the headline figures, and APN's commentary on the ARN performance;


Below are the TRN figures and commentary;

By segment across the entire APN business, it is clear that radio, and obviously the digital group, are performing exceptionally.





Comment Form

Your email address will not be published.

Recent comments (0)
Post new comment


See all