oOh! Media (ASX:OML) NPAT down 23% on prior year

Company News

by Rachael Jones

oOh!media (ASX:OML) today announced its financial results for the year ended 31 December 2019 (FY19) showing underlying Net Profit After Tax (NPAT) of $37.9 million down 23 per cent on prior year.

Revenue increased to $649.6 million, up 1 per cent on the prior year.

Chief Executive Officer Brendon Cook said while the media market was challenging in 2019, oOh! delivered revenue growth in line with the broader Out Of Home (OOH) market, maintained market share in both Australia/New Zealand and continued its successful integration of the Commute business.

Shares in oOh! Media (ASX:OML) are trading 2.7 per cent lower at $2.85.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.