Reported half year revenues for SEN parent company Pacific Star increased by 40% to $13.336 million with an underlying EBITDA of $2.318 million, and a net profit after tax result of $1.051 million, before significant items).
The company increased its divend slightly, to pay 1.35 cents per share.
Broadcast revenue increased by about $800,000 on he previous corresponding period, and the big revenue increase was driven by the acquisition of a new publishing business.
Profit (NPAT) was $834,113, double that achieved in the previous period.
Last month, George Papadopoulos joined the company as Group CEO. Andrew Moffatt is chairman and Graham Mott is heading the radio business, which now has 4 stations, SEN, MyMP, KOOL and Aussie.
The company repeated its wish to acquire more media assets to drive future growth and forecast a “positive outlook” for radio sales.