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NZME lowers guidance on ad slump

Media company says economic environment has been challenging.

NBR Staff Tue, 07 Nov 2023

Listed media business NZME has lowered its full-year earnings guidance on continued advertising revenue volatility.

The company – which in August reported a 6% decline in first-half revenue to $166 million and a 76% fall in net profit after tax – said today that the economic environment over the

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NBR Staff Tue, 07 Nov 2023
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NZME lowers guidance on ad slump
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