TEN ten network holdings limited

No real surprises plus six percent increase in revenue yet the...

  1. 1,612 Posts.

    No real surprises plus six percent increase in revenue yet the market dives??? oh well best buy some more(:-)

    13 June 2008
    TEN Holdings Q3 Earnings
    Ten Network Holdings Limited (Ten Holdings) today reported consolidated revenue of $250.2 million
    and consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) of
    $38.2 million for third quarter of 2008. These results represent a 6 per cent increase in revenue and
    a 29 per cent increase in EBITDA on the prior corresponding period.
    For the three months to 31 May 2008, revenue from the company’s television division, Network Ten
    (TEN), rose 6 per cent on the prior corresponding period, while EBITDA increased by 20 per cent on
    the prior corresponding period.
    EYE, the company’s out-of-home advertising division, achieved strong revenue growth in media
    sales on the prior corresponding period and was profitable with modest EBITDA growth on the prior
    corresponding period.
 
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