Media company Nine has notched up record profits for 2021/22 and will buy back up to 10 per cent of its shares.
Its statutory net profit reached $315 million, up 71 per cent on the previous full year, off the back of a 15 per cent increase in revenues to $2.7 billion.
The statutory profit figure was however weighed down by $58 million in extra costs, mostly due to a widespread restructure and expenses associated with leasing at Media House in Melbourne.
