Seven West Media (ASX:SWM) revenues hit by covid-19

Author: Lisa Simcock
Publication: The Market Herald

Seven West Media (SWM) has felt the impacts of COVID-19 over FY20, especially in its advertising market sector
The company’s FY20 revenue dropped 14 per cent to approximately $1.2 million and its underlying net profit after tax (NPAT) was also down 66 per cent to $40.8 million
However, the group’s total net loss after tax, including significant items, was just over $200 million — an improvement on FY19’s $327.6 million loss