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BRIEF-Nine Entertainment Says H1 FTA Costs Will Be Down In Double Digits

Published 12/11/2020, 12:01 pm
Updated 12/11/2020, 12:06 pm
© Reuters.

Nov 12 (Reuters) - Nine Entertainment Co Holdings Ltd NEC.AX :

* TRADING UPDATE-NEC.AX

* FIRST HALF FTA COSTS WILL BE DOWN IN DOUBLE DIGITS

* FIRST HALF EBITDA, BEFORE SPECIFIC ITEMS, IS CURRENTLY EXPECTED TO BE UP BY AROUND 30%, COMPARED TO $251M

* DEC QUARTER NOW EXPECTED TO SHOW GROWTH IN METRO FTA ADVERTISING REVENUE OF AROUND 15%

* EXPECT SECOND HALF FTA COSTS TO INCREASE ON LAST YEAR'S AS A RESULT OF RETURN OF NRL

* METRO TV AD REVENUES IN THE DECEMBER HALF TO BE BROADLY FLAT ON THE PRIOR PERIOD

* NOW REVENUES IN THE DECEMBER HALF TO BE UP AROUND 25% ON THE PRIOR PERIOD

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