Shares of Seven West Media (ASX:SWM), an Australian media company, plummeted by 7.5% to A$0.370.

If it continues to decline at this rate, it would be the company’s worst day since April 20.

The shares have already reached their lowest since August 4.

Reporting their fiscal year outcomes, the media firm confirmed that their net profit attributable was down at A$145.7 million from last fiscal year’s profit of A$211.1 million.

The company also acknowledged a 3.3% drop in its full-year revenue, which came in at A$1.49 billion.

Despite this, Seven West Media (ASX:SWM)’s stock has seen an increase by 1.3% this year, up until the last close.

Seven West Media (ASX:SWM) is an Australian-based media company with a diverse range of multi-platform media businesses.