August 24, 2017 / 12:09 AM / a year ago

BRIEF-Nine Entertainment posts FY NPAT of $123.6 mln vs $120.3 mln

Aug 24 (Reuters) - Nine Entertainment Co Holdings Ltd

* Fy revenue $1.24 billion versus $1.28 billion

* Fy net profit after tax $123.6 million versus $120.3 million

* Fully franked final dividend of 5.0 cents

* In FY18, free to air reported costs are expected to be broadly flat

* In FY18, company expects to pay similar dividends at c9.5 cents per share

* Metro free to air market is expected to decline by 1-2% for fy18

* In fy18, fta reported costs are expected to be broadly flat, exclusive of impact of proposed introduction of spectrum fees

* Co’s free to air revenue share in fy18 is expected to be at least 37.5%

* For FY18, current range of published analyst forecasts for group ebitda is $186m to $207m, with a mean of $198m

* Nine expects to report fy18 group ebitda towards upper end of current analyst range

* Over time, dividend payments are expected to migrate towards a payout ratio of 50-70% of npat pre-specific items Source text for Eikon: Further company coverage:

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