SCA posts good numbers in lead up to proposed Seven merger
Listnr has increased revenue share
Southern Cross Austereo is cutting a confident figure ahead of its proposed merger with Seven West Media, posting solid revenue for Q1 and with EBITDA up significantly year on year.
In a price-sensitive filing to the ASX this morning, SCA revealed quarterly revenue (July-September) of $105.1m, up 4.7% on the same period last year. EBITDA (earnings before interest, tax and other deductions) was $14m excluding non-recurring costs of $1.8m.
That EBITDA result was up 129% YOY.
SCA did not state what the $1.8m non-recurring costs were.
