Lower ad revenue sends NZME profit down 15%
Media group is cautious for the second half.
NZME’s share price slipped under 50c today after reporting a 15% half-year fall in operating profit to $4.7 million on revenue of $181 million.
In afternoon trading on the NZX, the media and entertainment group’s share price was down 3.5c or 6.7% and 21.4% over the past 12 months.
Falling
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