HT&E Limited, the parent company of ARN, have posted its half year results today. (link)
- HT&E revenue down 29%, reported EBITDA down 49%
- ARN revenue down 27%, reported EBITDA down 52%
- Operating costs reduced by 36% to $6.8m
- Nova Perth JV noted as a $4.4 million ‘associate impairment’
It also appears the company is planning to challenge the Australian Tax Office regarding a $49m penalty for its divestiture of its New Zealand assets in 2015/16.