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HT & E Here , There & Everywhere MARKET ANNOUNCEMENT HT & E 2021 HALF YEAR RESULTS Strong recovery and investing for growth • • • • Improved consumer sentiment and advertiser confidence contributed to materially higher revenues of $ 109.9 million , up 21 % on the previous corresponding period ( on a like basis ) Market leading audience ratings performance continued , with ARN holding the # 1 network position in Australia for thirteen consecutive surveys Advertising markets strengthening in Australia and Hong Kong Commercial strategy winning share with the most comprehensive audio solutions for advertisers Digital revenues ahead of expectations ( + 149 % ) • Investing in digital and data capability in content , distribution and commercialisation to drive future growth • Sale of stake in Soprano provides opportunity to realise approximately $ 139 million , payment in cash and shares Balance sheet robust with net cash of over $ 122.4 million Half year dividend reinstated : 3.5 cents per share declared ( fully franked ) H1 Financial Performance A $ million² 2021 2020 Revenue Other income 109.9 93.0 0.4 1.3 Share of associate profits 4.4 2.6 Costs ( 84.4 ) ( 77.4 ) Underlying EBITDA¹ 30.4 19.5 Depreciation and amortisation ( 2.0 ) ( 2.2 ) Depreciation Leases ( 4.7 ) ( 7.4 ) Underlying EBIT¹ 23.7 9.9 Net interest income / ( expense ) ( 1.0 ) ( 0.7 ) Finance cost - Leases ( 0.8 ) ( 1.2 ) Net profit before tax¹ 21.9 8.1 Taxation on net profit ( 5.6 ) ( 4.5 ) Net profit after tax ( NPAT ) ¹ 16.3 3.6 Less non - controlling interest ( 1.8 ) ( 1.2 ) NPAT attributable to HT & E shareholders¹ 14.5 2.4 Exceptional items , net of tax ( 0.4 ) ( 61.7 ) Provisions for uncertain tax treatments ( 4.0 ) NPAT attributable to HT & E shareholders 10.2 ( 59.3 ) Underlying EPS ( cps ) 1 5.2 0.9 Interim dividend per share ( cps ) 3.5 ( 1 ) Before exceptional items ( 2 ) Totals may not add due to rounding HTandE.com.au/ 3 Byfield Street , Macquarie Park , NSW , 2113 / T : +61 2 8899 9900 / ABN : 95 008 637 648