Brief: NZME Sees FY EBITDA Between NZ$64 Million And NZ$67 Million

NZME

08/11/2022 20:44

Nov 9 (Reuters) - NZME Ltd  NZM.NZ :
    * SEES EBITDA IN RANGE OF NZ$64 MILLION TO NZ$67 MILLION FOR
YEAR
ENDED DEC
    * EXPECTS ADVERTISING REVENUES TO RETURN TO PRE-COVID LEVELS
FOR
FULL YEAR ENDED DECEMBER 2022
    * BOARD WILL CONSIDER UNDERTAKING FURTHER ON-MARKET SHARE
BUYBACK
PROGRAMME DURING 2023
    * BOARD INTENDS TO INCREASE DIVIDEND PAYOUT RATIO TO 50%-80%
OF
FREE CASH FLOW
    * INTENDS TO INCREASE DIVIDEND PAYOUT RATIO TO 50-80% OF
FREE CASH
FLOW

Further company coverage:  NZM.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))