Solid result from NZME. A great turnaround, going from ~$36m net debt end FY20 to ~$11m net cash end FY21. There was an $8m wage subsidy paid by the NZ government but still, this is a very solid result. Lots of cash coming back to shareholders via franked/imputed dividends, a large buy back & still ample cash to reinvest in the business. Commend the executive & staff for a transformational effort & I hope they share in the growth they have been party to.
Ann: NZME 2021 Full Year Results Webinar Details, page-2
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