Australia's oOh!media rises most in 3-1/2 months on strong FY results

Ooh!Media

19/02/2024 01:31

** Shares of oOh!media  OML.AX  rise as much as 5.6% to
A$1.690, set to gain most since Nov. 2 - if current trend holds
    ** Out-of-home advertising co posts annual profit
attributable of A$34.6 mln ($22.65 mln), up almost 10% y/y
    ** Declares final 2023 dividend of 3.5 AU cents per share,
compared with 3 AU cents in 2022
    ** Adds new contracts expected to deliver A$30 mln in
annualised revenue upside from mid-2024
    ** Stock down more than 3% this year, as of last close

($1 = 1.5277 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))