Credit: Oswald Elsaboath via Unsplash
Shares in media group Nine Entertainment surged after posting strong annual results, with revenue and profits higher.
A short time ago, Nine shares were up almost 10% to $2.195.
Nine Entertainment reported a 15% lift to $2.688 billion in full year revenue, buoyed by a "resilient" advertising market
Net profit after tax was 35% higher at $373.5 million for the 12 months to June.
Broadcast revenue (Nine Network, 9Now, Nine Radio) was up 10% to $1.372 billion.
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