SYDNEY: Australian media and casino group Publishing and Broadcasting Ltd (PBL) reported yesterday a 26% rise in first-half net profit on higher advertising revenue and the purchase of the Burswood casino in the west coast city of Perth.
“The Australian economy remains robust, with PBL businesses benefiting from strong growth in both consumer and advertising spending and with PBL’s solid earnings growth reflecting the diversity of its business mix,” executive chairman James Packer said. James is the son of Australia’s richest man, Kerry Packer, who controls PBL.
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