Macquarie Media Limited has released its financial results for the year ended 30 June 2016 delivering a full-year net profit of $13.3 million.
 
It’s the first full financial year of operations since the merger of the Macquarie Radio Network and Fairfax Radio Network.

Commenting on the results Executive Chairman Russell Tate said the merger had led to financial benefits and the new network would now focus on revenue growth.

  
“The comparison clearly demonstrated the economic benefits of the merger,” he said
 
“Our primary focus now shifts to driving sustainable revenue growth and building on the 5% year on year revenue increases we achieved across the second half of FY 2016.”
 
The fiinal dividend to shareholders was two cents a share, fully franked