QMS Media posts 78% revenue jump in first half

February 27, 2017 1:15

Melbourne-based QMS Media has capitalised on the strong year in out-of-home, with revenue rising 78% for the first half of the 2017 financial year.

QMS has upgraded its outlook for the full year.

The company saw revenue rise from $44.4m in the first half of the 2016 financial year to $79m on the back of the acquisition of iSite in New Zealand in 2016.

The lift was matched by underlying earnings before interest, tax, depreciation and amortisation (EBITDA) which rose 67% to $17.9m, while net profit after tax rose to $7.5m, up 32%.

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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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