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APN Outdoor raises predicts that profit growth will be revised upwards throughout the year
This year, because it recorded half of its profits today. year.
For the six months ended June 30, the owner of the digital billboard recorded $12.
The statutory profit is 88 million compared to $3.
7 m loss in the previous corresponding period.
The company went public at the end of last year, with revenue growing 24.
136 to US dollars. 32 million.
APN Outdoor chairman Doug Flynn says its outdoor advertising market continues to benefit from the increased share of other traditional media.
"These structural changes are driven by the fragmentation of other media audiences and the unique advertising opportunities created by digital outdoor screens," he said . ".
Flynn said that the company has modified the form EBITDA (
Earnings before interest, tax, depreciation and amortization)
Annual forecast for December 31 will increase the "medium term"
More than $53 predicted by the prospectus. 7m".
He added that the board confirmed its intention to pay annual dividends for the year ended December 31, 2015, reflecting an estimated net profit payment ratio of about 60 after tax before intangible amortization.
The company announced the mid-term dividend 4.
On September 21, 5 cents were paid to shareholders in the register, completely insane, on September 8.
The dividend was issued after the 1c special dividend paid by the company on April 17, which was marked in the annual report of December 31, 2005.