Australia's oOh!Media jumps most in 11 weeks on dividend, upbeat outlook

Ooh!Media

21/02/2022 03:22

** Outdoor advertising firm oOh!Media Ltd  OML.AX  rises as
much as 6.1% to A$1.75, its biggest intraday pct jump since
early December
    ** Co says https://investors.oohmedia.com.au/Investor-Centre/?page=announcements
 strong financial position allows co to resume dividends for
CY21, after suspending it in March 2020; declares a final
dividend of 1 AU cents per share on Monday
    ** OML's FY net loss attributable narrows to A$10.3 mln
($7.42 mln) from last year's loss of A$36.2 mln; rev up 18.1% to
A$503.7 mln
    ** Earnings lifted by strong recovery in "out of home"
audiences
    ** Adds it is generating "further momentum" into FY22; 1Q22
rev 15% ahead of 1Q21, and at 93% of 1Q19
    ** Confident in both OML's growth outlook and the category's
ability to win back all lost share by end-CY23 - Jefferies
    ** OML hits highest since Feb 7
    ** About 4.9 mln shares change hands, vs the 30-day average
of 1.3 mln shares
    ** OML down 2.4% this year, as of last close

     ($1 = 1.3879 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))