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Company News Summary

Oohmedia Provides Chairman and CEO Addresses to AGM

12 May 2022  |  10:47:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Annual General Meeting - Addresses by the Chair and CEO

Oohmedia provided its Chairman's and CEO's addresses to the Company's AGM. Total revenue increased by 18% to $504 million. Underlying EBITDA (pre-AASB16) increased by 24% to $78m, reflecting its continued operating leverage to audience growth. NPAT (pre-AASB16) was $0.8m compared to a Net Loss After Tax (pre AASB16) for the prior year 2021 of $24.3m. Its financial position continued to strengthen during FY 2021 year with the Company’s gearing ratio reducing to 0.8 times at 31 December 2021 with a corresponding 43% reduction in net debt to $64m. The improved earnings performance and strong balance sheet resulted in the Board declaring a 1c fully franked final dividend, payable in March 2022.

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