LBG Media rises on upbeat FY outlook

LBG Media

19/12/2022 08:29

** Shares of UK-based publisher LBG Media Plc  LBG.L  up as
much as 13.2% at 77p, hitting highest levels in 3 months
    ** Co sees its FY revenue at about 63 mln stg ($76.94 mln)
vs 54.5 mln stg last year, and adjusted core profit at 16 mln
stg
    ** LBG says it benefits from strong growth in both direct
and indirect units despite challenging macro-economic
environment
    ** Co adds it expects group revenue to have grown by over
20% in FY vs prior year
    ** As per last close, stock down 65.7% YTD
($1 = 0.8188 pounds)
 (Reporting by Sinchita Mitra in Bengaluru)
 ((Sinchita.mitra@thomsonreuters.com))