Seven West Media Limited has reported an underlying net profit after tax of $200.8 million, a whopping 60% increase from the previous year.
The company said the results mark the strongest financial performance in over a decade and reflect the successful completion of the group?s three-year strategy.
?Seven is now the number one network nationally in audience share and we have converted that into the number one position in revenue share, with a 39.1 per cent share of the national television advertising market across FY22,? said Chief Executive Officer James Warburton.
Seven West Media shares have dropped more than 5% since the announcement.