Brief: NZME Says HY Revenue From Continuing Operations NZ$166.2 Million Down 6%

NZME

24/08/2023 21:38

Aug 25 (Reuters) - NZME Ltd  NZM.NZ :
    * HY REVENUE FROM CONTINUING OPERATIONS NZ$166.2 MILLION
DOWN 6%
    * HY NET PROFIT FROM CONTINUING OPERATIONS NZ$2 MILLION,
DOWN 76%
    * NZME CONFIRMS THAT IT EXPECTS TO BE AT THE LOWER END OF
THE
EBITDA RANGE PREVIOUSLY ISSUED OF NZ$59-NZ$64 MILLION FOR 2023
    * DECLARED A FULLY IMPUTED INTERIM DIVIDEND OF 3.0 NZ CENTS
PER
SHARE
    * EXPECTS TO SEE A RELEASE OF WORKING CAPITAL IN THE SECOND
HALF
OF 2023
    * NET DEBT IS FORECAST TO REDUCE BY THE END OF THE YEAR
RESULTING
IN NET DEBT BELOW THE LOWER END OF THE TARGET LEVERAGE RATIO


Further company coverage:  NZM.NZ