Brief: Nine Entertainment Co Says Final Dividend Of 5.0 AU Cents Per Share

Nine Entertainment Holdings

24/08/2023 02:09

Aug 24 (Reuters) - Nine Entertainment Co Holdings Ltd
 NEC.AX :
    * FINAL DIVIDEND OF 5.0 AU CENTS PER SHARE
    * EXPECTING FURTHER GROWTH IN BOTH REVENUE AND EBITDA IN
FY24 FOR
STAN
    * CURRENT MARKET CONDITIONS REMAIN CHALLENGING
    * STRONG CASH FLOW AND BALANCE SHEET ENABLES CONTINUATION OF
BUYBACK AND 60-80% DIVIDEND PAYOUT
    * EXPECTS TOTAL TELEVISION COSTS WILL BE BROADLY FLAT IN
FY24 ON
FY23
    * SEES DIGITAL SUBSCRIPTION REVENUE GROWTH EXPECTED TO BE
AROUND
10% IN Q1
    * ADVERTISING MARKET REMAINS SUBDUED SO FAR IN FY24

Source text for Eikon:  ID:nASX4HNqkr 
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