Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

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.

Please click here for full details

See more ASX300 News Announcements