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BRIEF-Ooh!Media Revises FY19 Underlying EBITDA Guidance To Between $138 Mln To $143 Mln

Published 03/12/2019, 05:34 pm
Updated 03/12/2019, 05:36 pm
© Reuters.  BRIEF-Ooh!Media Revises FY19 Underlying EBITDA Guidance To Between $138 Mln To $143 Mln

Dec 3 (Reuters) - Ooh!Media Ltd OML.AX :

* CONFIRMS THAT IT EXPECTS FY19 UNDERLYING EBITDA EBITDA1 TO EXCEED ITS EARLIER FORECAST

* ISSUED REVISED FY19 UNDERLYING EBITDA GUIDANCE OF BETWEEN $138 MILLION TO $143 MILLION

* GROWTH IN OPERATIONAL EXPENDITURE IN FY19 IS EXPECTED TO BE WITHIN PREVIOUS FORECAST RANGE OF 5-7 PER CENT

* CAPITAL EXPENDITURE FOR FY19 EXPECTED TO BE AT MID TO LOWER END OF $55-$70 MILLION FORECAST RANGE

* RECONFIRMS THAT INTEGRATION OF COMMUTE REMAINS ON TRACK WITH AN EXPECTED EXIT RUN-RATE OF $16 MILLION IN COST SYNERGIES FOR FY19

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