Australia's Southern Cross Media soars on upbeat FY results

Southern Cross Media

25/08/2025 02:09

** Southern Cross Media SXL.AX soars as much as 22.7% to A$0.810; set for best session since June 20, 2023

** Stock hits highest since May 28, 2024

** Media firm reports FY revenue of ~A$422 mln ($273.4 mln), up 5% y/y

** Posts FY underlying net profit attributable of A$15.1 mln, above year-ago A$4.5 mln

** YTD, SXL gains more than 30%

($1 = A$1.5430)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))