Australian Newspaper Group Sees $23.5 Million in Profit

By: E&P Staff

WEST Australian Newspapers posted its first quarter results, and credits increased advertising for its 2.6 percent revenue increase.

Writing for Dow Jones Newswires, Cynthia Koons reports:

“Net revenue rose 3.1 per cent to $102.4m. Net consolidated circulation revenue was down 2.1 per cent to $19m in the quarter.

The media company posted a net profit of $23.5m for the three months to September 30, up from $22.9m in the previous corresponding period.”

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