Pacifiic Star increases profit by 15% | radioinfo

Pacifiic Star increases profit by 15%

Thursday 01 September, 2016

SEN and MyMP parent company, Pacific Star has released its annual report.

Combined revenue for radio and print businesses increased 15% to $23.98 million.

Radio broadcast revenue was $14.49 million, an increase of $100,000 on last year.

NPAT (net profit after tax) was $1.09m, up from a loss of $79,000 last year.

The company has recognised $610,941 of restructuring costs. These costs are predominantly the impact of redundancy and terminations across all parts of the business and by their nature are considered to be one-off costs.

SEN is hoping to win right to broadcast AFL matches for a further six years in a decision that is expected to be announced next week.

Stock finished slightly higher after the announcement, trading at 20 cents per share.

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