APN Outdoor posts double-digit revenue growth for first half of 2016

Miranda Ward

August 22, 2016 10:00

Outdoor company APN Outdoor (ASX: APO) has seen its revenue grow by 10% in the first half of 2016, with earnings up 31%.

Revenue for the company was up $14.3m from $136.3m in the first half of 2015 to $150.6m in the first half of this year, while the company posted earnings of $34.8m – up $8.2m on the first half of 2015 when it reported EBITDA of $26.6m.

The positive results for APN Outdoor come amidst a strong performance in the wider Australian outdoor media market, which, according to the company, is up 18%.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

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3 COMMENTS

Loopy Schleeman 22 Aug 16

Hi Miranda, I think you may have got the earnings the wrong way round…? ‘Revenue for the company was up $14.3m from $150.6m in the first half of 2015 to $136.3m in the first half of this year’

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Miranda Ward 22 Aug 16

Hi Loopy,
You’re quite right! I’ve fixed that error up.
Cheers,
Miranda – Mumbrella

Shem 22 Aug 16

I’m having a hard time understanding why, on the strong posting, the share price has plummeted 33% since open…

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