August 19, 2019 / 11:14 PM / a month ago

Australia's Seven West Media posts annual loss on weaker ad market

Aug 20 (Reuters) - Australia’s free-to-air television broadcaster Seven West Media Ltd on Tuesday posted an annual net loss compared with a profit a year ago, hurt by a softer advertising market and flagged weaker earnings in fiscal 2020.

The company posted a net loss after tax of A$444.4 million ($300.59 million), compared with a profit of A$132.8 million a year earlier.

$1 = 1.4784 Australian dollars Reporting by Shreya Mariam Job in Bengaluru; Editing by Bernard Orr

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