Kerry Stokes' Seven West Media has lifted its net profit by 97.1 per cent to $226.9 million following its takeover by West Australian Newspaper Holdings.
The profit for the year to June 30 reflected the first 12 months complete trading for the company following the acquisition of Seven by West Australian Newspapers Holdings in 2011. Seven's net profit for the previous year was $115.1 million.
Revenue rose to $1.9 billion from $725.7 million.
"Our businesses are performing well in what has been a challenging past 12 months for all media companies," managing director Don Voelte said on Wednesday.
"We are building our businesses with a focus on our content that drives our audiences and our ability to deliver revenue, and new forms of delivery of that content.
"We are also focused on greater efficiencies across our business to manage our costs and continue to deliver our market-leading margins."
Seven declared a fully-franked dividend of six cents a share, down from 26 cents a year earlier.
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