Solid Fundamentals Under the Southern Cross
Southern Cross Media's fiscal 2019 first-half performance showed solid underlying fundamentals. Underlying EBITDA grew 6% year on year to AUD 83 million, driving an 11% lift in underlying net profit after tax, or NPAT, to AUD 42 million. Almost all the operating earnings were converted to cash, with free cash flow amounting to AUD 66 million for the half, up 15%. This led to a further deleveraging of the balance sheet and net debt/EBITDA now stands at 1.7, down from 1.8 six months ago and at the...Southern Cross Media Group is engaged in the creation and broadcasting of content on free-to-air commercial radio (AM, FM and digital), television and online media platforms across Australia.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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