Ooh Media revenue leaps 20% as it prepares for APN Outdoor merger

February 20, 2017 10:08

Outdoor company Ooh Media, which is in the midst of a merger with APN Outdoor, has posted a rise in profit of more than 30% on the back of a 20% leap in revenue for 2016.

Ooh Media has declared a gift for shareholders with revenue up 20.1%

Reporting its results for the 2016 calendar year, the company saw revenue rise to $336.1m, up 20.1% on the previous year, while the gross profit of $144.9m was a lift of 30.3%.

Ooh reported underlying earnings before interest, tax, depreciation and amortisation was up 27.4% to $73.5m.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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