ASX:NECMedia
Nine Entertainment (ASX:NEC) Shares Face Profit Crunch Behind 7.18% Yield
The market has been slowly warming to Nine Entertainment Holdings, with the stock up about 12% over the past three months and closing at A$1.045 today. The latest earnings release cuts through that gentle rise. The headline is a sharp hit to profitability from continuing operations, with a sizeable loss recorded over the past year even as revenue sits above A$2.1b.
For short term traders the mix of losses and a still high dividend will grab attention. For longer term investors the bigger...