APN profits up 16%
02/05/2006 - 10:08:04Australian 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.
“Our businesses have continued to grow through a strategy of organic investment of existing operations and strategically important acquisitions.
"During the past year three such acquisitions were made: Look Outdoor and Adspace in our outdoor division and the leading New Zealand jobs website Netcheck, strengthening our online position,” the chairman said.
