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1 Mar 2021 5:10
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  •   Home > News > Business

    NZME has pulled through a tough financial year with a 14.2-million dollar profit after tax

    NZME has pulled through a tough financial year with a 14.2-million dollar profit after tax


    The company's grown three percent in operating earnings, up to more than 67-million dollars.

    That's despite an almost 50 per cent drop in ad revenue when the shock of Covid-19 first hit.

    As an essential service keeping Kiwis in the know -- NZME accessed 8.6-million dollars in wage subsidy.

    Cost saving schemes reduced expenses by 14 per cent, resulting in a final revenue loss of just 11 per cent.

    More than 3.3-million people tune in to NZME's print, radio and digital platforms.

    © 2021 Newstalk ZB, NZCity


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     Today's News

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    International:
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    Entertainment:
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    Soccer:
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    Rugby:
    Blues CEO Andrew Hore believes it was an easy decision to stop the team returning home 18:07

    Netball:
    Silver Ferns coach Dame Noeline Taurua's put their latest disappointment into perspective 17:27


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