The latest update is out from Southern Cross Media Group Limited ( (AU:SXL) ).
Southern Cross Media Group Limited reported a positive financial performance for the first half of FY25, with a 5.3% increase in revenue and a 46.8% rise in EBITDA compared to the previous year. The company’s strategic focus on digital transformation and cost management has led to significant growth in digital audio revenues and a reduction in net debt. However, the board decided not to pay a half-year dividend to prioritize debt reduction. The sale of TV assets is set to complete soon, further aligning SCA’s focus on its core audio operations.
More about Southern Cross Media Group Limited
Southern Cross Media Group Limited (SCA) operates in the media industry, primarily focusing on audio and corporate services. The company is known for its dominance in metro and regional radio markets and has been expanding its digital audio offerings, particularly through its LiSTNR platform.
YTD Price Performance: 12.12%
Average Trading Volume: 205
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €93.28M
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