Nine has posted a record net profit of $315 million, up 71% on the previous full year.
The media company said whilst broader economic factors are beginning to impact some areas of the market, Nine?s strong competitive position and balance sheet stands the company in good stead.
?We have successfully diversified our earnings base with more than 30% of our revenue now from subscription and licensing?, said CEO Mike Sneesby.
Shares in Nine lifted 4% following the announcement.