Ninemsn Records Maiden Net Profit

Australia’s biggest portal Ninemsn, a 50/50 joint venture between the Microsoft and Publishing and Broadcasting Ltd, announced a maiden annual net profit of AU$14.4 million on revenue of AU$45.9 million for the 2004 financial year.

This represents revenue growth of 51 per cent on the 2003 revenue of $30.8 million when the business recorded a loss of $800,000.

Comments have been disabled for this post