Macquarie Media Limited reported earnings results for the half-year ended December 31, 2017. The company reported revenue was AUD 68,476,000 compared to AUD 67,265,000 a year ago. EBITDA was AUD 9,236,000 compared to AUD 13,607,000 a year ago. EBIT was AUD 7,460,000 compared to AUD 12,114,000 a year ago. Profit before tax was AUD 6,719,000 compared to AUD 11,408,000 a year ago. Profit after tax was AUD 4,859,000 compared to AUD 7,959,000 a year ago. Underlying EBITDA was AUD 16,112,000 compared to AUD 13,363,000 a year ago. Underlying EBIT was AUD 14,336,000 compared to AUD 11,870,000 a year ago. Underlying profit before tax was AUD 13,595,000 compared to AUD 11,164,000 a year ago. Underlying profit after tax was AUD 8,622,000 compared to AUD 7,788,000 a year ago. Profit for the half year from continuing operations was AUD 4,859,000 or 2.84 cents per share basic and diluted compared to AUD 7,959,000 or 4.65 cents per share basic and diluted a year ago. Profit for the half year was AUD 5 7,779,000 or 4.55 cents per share basic and diluted compared to AUD 7,373,000 or 4.31 cents per share basic and diluted a year ago. Net cash provided by operating activities was AUD 10,217,000 compared to AUD 3,086,000 a year ago. Payment for property, plant and equipment was AUD 1,942,000 compared to AUD 3,705,000 a year ago. Payment for intangibles was AUD 242,000 compared to AUD 281,000 a year ago.

Accordingly the outlook for the second half of 2018 is quite positive and the company will continue to explore new opportunities for revenue generation from its core radio output, particularly in the digital space where it will be trialing new initiatives during the second half.