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Nine (ASX:NEC) share price on watch as profit doubles

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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.

Dividend ex-dateTypeAmountFranking
4.3.2021Interim5 cents100%
9.9.2020Final2 cents100%
5.3.2020Interim5 cents100%
26.9.2019Final5 cents100%
5.3.2019Interim5 cents100%
Table created by the author

The share price for the…



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