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HT&E surges as radio ad market shows signs of life

Max Mason
Max MasonSenior reporter

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Key Points

  • Revenue ($m) 93.0, down -29.0%
  • Pre-tax profit ($m) 8.1, down-71.4%
  • Net profit ($m) -59.3, down-545.9%
  • No interim dividend

Here, There & Everywhere chief executive Ciaran Davis says the radio advertising market will continue to improve following a period of "intensive cancellations" at the beginning of the coronavirus pandemic because of what he believes was a misconception that radio listening would fall with fewer commuters.

HT&E reported a half-year loss of $59.3 million, compared with $13.3 million a year ago, due largely to $64.3 million of non-cash impairments against its Australian Radio Network and Hong Kong outdoor advertising business.

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    Original URL: https://www.afr.com/companies/media-and-marketing/ht-and-e-shares-surge-as-radio-ad-market-shows-signs-of-life-20200819-p55n9p