Australia's GTN rises to over one month high on upbeat outlook
24/08/2026 05:07
BUZZ-Australia's GTN rises to over one month high on upbeat outlook ** Shares of Australia's GTN GTN.AX rise as much as 25% to A$0.250 per share, its biggest intraday pct gain since July 28, 2022
** Stock hits its highest since July 6
** GTN declared FY26 final dividend of 5.24 Australian cents per share
** Broadcast media advertising platform sees FY27 NPAT attributable of A$5 million to A$10 million ($3.58 million-$7.17 million), compared to FY26 net loss attributable of A$37.2 million
** Sees FY27 adjusted EBITDA of A$15 million to A$20 million, compared to FY26 adjusted EBITDA of A$13 million
** YTD, stock down over 25%, including session's moves
($1 = 1.3955 Australian dollars)
(Reporting by Tejas Harish in Bengaluru)