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TMCNet:  Mac radio doubles its profit

[February 18, 2013]

Mac radio doubles its profit

Feb 18, 2013 (The Australian - ABIX via COMTEX) -- Macquarie Radio Network posted a profit after tax of $A4.5 million for the six months to 31 December 2012, a rise of 100 per cent. However, underlying EBITDA declined by 38 per cent to $A5.8 million, due to the $A1.7 million cost of broadcasting rights for the London 2012 Olympic Games.


Publication Date: 19 February 2013 MACQUARIE RADIO NETWORK LIMITED - ASX MRN GUTENBERG INVESTMENTS PTY LTD FAIRFAX MEDIA LIMITED - ASX FXJ MTR1377

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