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Article: AUST CO SEVEN NETWORK COMES THOUGH CRISIS IN GOOD SHAPE: EXEC.
- Article from:
- AsiaPulse News
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Nov 9 Asia Pulse - Australian firm Seven Network Ltd (ASX:SEV) executive chairman Kerry Stokes says the company has come through a difficult 12 months in good shape.
"I am pleased to report that Seven Network Limited has come through a tough twelve months for the economy, and is in good shape today," Mr Stokes told shareholders at the company's annual general meeting in Sydney on Monday.
Mr Stokes said the federal government's fiscal stimulus and bank guarantee had left Australia in a "unique position" and the "envy of the world".
"Today, we are seeing the recovery and economic stability returning," Mr Stokes said.
"We are ...