told the ASX on Friday that it expects underlying earnings to be between $390 million and $410 million , a decline of between 3 per cent and 8 per cent from the last financial year. Net debt is expected to be about $300 million compared with $120.7 million in the 2018-2019 financial year.
Before the pandemic, at Nine's half-year financial results, the company said it expected to report full-year EBITDA "at a similar level" to the previous year. At its annual general meeting last November, Nine had anticipated "low single digit" growth.Nine was among several media companies that withdrew guidance in March due to weak advertising market conditions worsened by the pandemic.
Nine also told the ASX on Friday that its chief financial officer Paul Koppelman would step down immediately due to the death of a family member. Graeme Cassells, group financial controller, will become acting CFO. The company will present its results on August 27.Get our Morning & Evening Edition newsletters
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zoesam93 When is the board of channel nine going to sack Peter Costello because he is taking nine to a very dark place auspol
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