Nine Entertainment Co Holdings Ltd (ASX: NEC) has more than doubled its profit for the half-year ending 30 December.
The media company reported on Wednesday morning it raked in $181.9 million of consolidated net profit after tax, compared to $87.3 million the year before.
The positive result in a half-year affected by COVID-19 meant Nine has decided to give out an interim dividend of 5 cents per share fully franked.
This restores the dividend payout back to pre-pandemic levels.
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The share price for the…