APN swings to interim profit
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
APN News Media (APN) will continue cost cutting in an attempt to pay down debt after swinging to an interim profit.
The group said publishing conditions remained challenging but revenue declines were stabilising.
APN swung to a profit of $12.7 million for the six months to June, from a loss of $319.4 million in the prior year, when it took a $485 million impairment charge on intangible assets.
Revenue rose 5% to $426.5 million, from $405.4 million in the previous corresponding period.
It cut net debt by $17 million during the first half and was on track to shave another $40 million by the end of the calendar year, which would put debt at $50 million.
Chief executive officer Michael Miller, who took the helm in June, said "our goal is to have a balance sheet that positions us to have options to pay dividends, invest for growth, or pay down debt".
APN will not pay an interim dividend.
Call 1300 880 160
Start a chat
Schedule a call
