Day: March 3, 2023

Southern Cross Media removes non-IFRS profit measure following ASIC review

Southern Cross Media Group Limited (Southern Cross Media) has removed its presentation of a non-IFRS profit measure, following an ASIC review of its financial report for the year ended 30 June 2022. ASIC’s review raised concerns about the presentation of ‘Profit before depreciation, amortisation, interest, impairment, fair value movements on financial derivatives and income tax …

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