Australia's Ooh!Media hits six-week high on quarterly update

Ooh!Media

04/05/2022 04:33

** Shares of outdoor advertising firm Ooh!Media Ltd  OML.AX 
rise as much as 5.5% to A$1.678, the highest since March 23
    ** Co says Q1 revenues grew 15% compared to last year
 urn:newsml:reuters.com:*:nASX5kTBmq
    ** Records strong performances in Road, Street Furniture and
Retail — April year-to-date 14% above 2019 level 
    ** Anticipates capital expenditure (capex) to be at or below
the low end of the A$45 million to A$55 million FY22 provided in
Feb  urn:newsml:reuters.com:*:nFWN2UV00R 
    ** On track for best session since Feb. 21, if gains hold
    ** Stock is down 5.9% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))