Investor Relations
News Detail
29th Feb 2000
Australian subsidiary company results for the year ended 31 December 1999
Net Profit up 20%; Final Dividend up 25% to 8.0 cents per share
APN News & Media Limited ("APN") (41% owned by Independent News & Media PLC), the largest operator of regional newspapers, radio stations and outdoor advertising in Australasia, today announced a 20% increase to a record $42.4 million net profit for the year ended 31 December 1999. Excluding goodwill, APN's net profit increased by 23% to $45.4 million, and in the period July-December 1999 increased by 31%.
