Australia's GTN on track for best day in nearly 6 months on upbeat HY guidance

Gtn

18/01/2023 24:58

** Shares of Australia's GTN  GTN.AX  rise as much as 14.5%
to A$0.435, post biggest intraday pct gain since July 28
    ** Media advertising co expects HY adjusted EBITDA in the
range of A$11.8 mln-A$12 mln ($8.25 mln-$8.39 mln), compared
with A$10.2 mln reported a year earlier
    ** CO sees HY revenue of A$90 mln, compared with A$81.0 mln
last year
    ** GTN stock hits highest level since Oct. 27
    ** In 2022, stock tumbled 20.8% to mark its worst year in
four years
    ($1 = 1.4306 Australian dollars)
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))