Brief: Southern Cross Media Says Capex Will Reduce Further TO A$12 Mln In FY25

Southern Cross Media

29/02/2024 24:48

Feb 29 (Reuters) - Southern Cross Media Group Ltd
 SXL.AX :
    * SCA & CONSORTIUM NOT REACHED ANY BINDING AGREEMENT, NO
CERTAINTY
THESE DISCUSSIONS WILL RESULT IN TRANSACTION
    * CAPEX WILL REDUCE FURTHER FROM A$15 MILLION IN FY24 TO
A$12
MILLION IN FY25
    * SCA'S STRATEGIC COST MANAGEMENT REVIEW WILL DELIVER ABOUT
A$20
MILLION IN SAVINGS IN FY24
    * IN FY 25, PERMANENT SAVINGS WILL INCREASE TO ABOUT A$30
MILLION
ANNUALLY

Source text for Eikon:  ID:nASX7p053k 
Further company coverage:  SXL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))