APN lifts interim profit

By Mitchell Neems

Recent acquisitions and a focus on cost cutting has deliver a boost to APN News & Media's interim profit, but the group has warned advertising markets remain volatile, and agency revenues have been soft at the beginning of the second half.

APN chief executive Michael Miller said the positive revenue momentum noted towards the end of the half and in more recent months is due to investments the group made across APN’s businesses. "This gives us confidence that we are on the right track," he said. "Our focus remains on growing share in our respective markets, being more efficient and increasing our value through closer collaboration.

Read more here: Business Spectator


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