Southern Cross Austereo Provided earnings guidance for H1 FY20

October 15, 2019 12:51 PM AEDT | By Team Kalkine Media

Google News:

Recent News

ANGEL joins forces with Mazuma and HomePro to launch innovative water...

THIS SG60, TIGER® TEAMS UP WITH MONOPOLY TO OFFER BIG PRIZES FOR YOUR...

Vantage Dominates Online Money Awards 2025 with Wins for Best Multi-As...

IBS Software and Fuji Dream Airlines extend strategic partnership to d...

Australiaâs leading media company Southern Cross Austereo (ASX: SXL) witnessed a decrease of 8.5% in its revenues for the quarter ended 30 September 2019, as compared to prior year.

Earnings Guidance Highlights

The company is expecting its EBITDA for H1 FY20 to be in the range of $60 million to $68 million, before adjustments for AASB16;
Depreciation for the first half is expected to be around $4 million lower as compared to the prior comparable period (pcp);
Full-year capex is expected to be $5 million to $7 million lower than FY19.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.