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BRIEF-Seven West Media says FY net loss $1.89 bln

Published 19/08/2015, 09:57 am
© Reuters.  BRIEF-Seven West Media says FY net loss $1.89 bln
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Aug 19 (Reuters) - Seven West Media Ltd SWM.AX :

* Appendix 4e & year end results announcement SWM.AX

* FY reported revenue from ordinary activities $1.77 billion versus $1.84 billion last year

* Final dividend 2015 (not yet paid) 4 cents per security

* Says overall outlook for the advertising market over the coming twelve months will see low single digit growth for television

* FY net loss $1.89 billion versus profit of $149.2 million a year ago

* Operating cost growth across Seven West Media in the 2015-2016 financial year is expected to remain below cpi

* "Underlying group EBIT is expected to be 5 to 10 per cent lower than FY 2015"

* Source text for Eikon ID:nASX2sJ6WX

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