There was a net profit after tax of $9.9m, but that was more than 50% lower than last year. A financial reset, ‘$30 million of annualised merger synergies delivered’, resulted in rounds of job cuts in the lead up to the EOFY. Across audio, TV and publishing total ad revenue dropped 4.8%. Trading conditions were difficult, particularly in television through Q4, and revenue came in below where we expected. Share gains and cost discipline partially offset that, and EBITDA (earnings before interest, tax, depreciation and amortisation) finished above our revised guidance.