oOh! Media's digital growth delivers rise in revenue

Company News

by Anna Napoli

Advertising company oOh! Media (ASX:OML) has reported its net profit rose by35.5 percent to $33.1 million for the 2017 calendar year.

The company’s revenue increased 13 per cent on the prior year to $380 million.

Earnings (EBITDA) were also up 23 per cent on the previous year to $90 million.

The company declared a full year dividend of 15 cents fully franked.

The strong results came off the back of growth in digital revenue which delivered 60 per cent of total revenue.

Shares in oOh Media (ASX:OML ) are  trading 4.07 per cent higher to $4.60.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.