James Packer’s private investment vehicle Consolidated Press Holdings recorded a profit of more than $590 million in the past financial year, delivering a big payday for the billionaire from a booming tech portfolio.
The figure compared to $216.9 million for the same period a year before. The company also clocked up much higher revenue, reporting $1.5 billion for the year compared to $562.6 million in the prior corresponding period.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
