oOh!media’s share price surges on half-year results
Out-of-home (OOH) company oOh!media posted a 6% jump in net profit for the six months to the end of June, though underlying earnings were lower on the back of higher rent-related costs.
The bottom line was helped by a 7% jump in revenue to almost $300 million.
Chief executive officer Cathy O’Connor said oOh! continued to successfully leverage the strong growth in OOH which outperformed other media formats, taking a record share from traditional media during the period.
