Australian advertising firm GTN rises most in 10 months on annual outlook

Gtn

29/06/2021 03:29

** Advertising platform GTN Ltd  GTN.AX  rises as much as
15.6% to A$0.37, its biggest intraday pct jump since Aug 27,
2020
    ** Co says https://www.gtnetwork.com.au/DownloadFile.axd?file=/Report/ComNews/20210629/02389006.pdf
 revenue booked to-date in local currencies for Q1 FY22 in all
operating regions "substantially ahead" compared with a year
earlier 
    ** Revenue for Q4 FY21 up "significantly" vs a year ago
    ** Revenue from Australian ops for H2 FY21 expected to
increase about 23-24% vs last year
    ** Sees a slight drop in FY21 adjusted EBITDA at between
A$13 mln ($9.82 mln) and A$14 mln, compared with A$14.2 mln last
year
    ** Sees 2H21 earnings from Canada and Brazil to take a hit
due to coronavirus restrictions in the regions
    ** GTN touches its highest level since June 18
    ** Down ~30% this year, as of last close

    ($1 = 1.3236 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))