Narrowcast provider Swift Networks reports profit jump

January 23, 2019 12:14

ASX-listed narrowcasting service provider Swift Networks has reported a 167% EBITDA (earnings before interest, tax, depreciation and amortisation) jump in half-year profit.

The company, which provides advertiser-supported content to locations in the resources, maritime, aged care, retirement homes and government sectors, acquired GP out-of-home network Medical Media in a $25m deal in December.

Swift Networks’ CEO, Xavier Kris, flagged a focus on advertising revenues in the company’s half-year results

In its half-year report, the company said revenues for the six months to 31 December were $12.6m, up 21% on the year before with an EBITDA of $2.8m.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

Topics

out of home advertisiing Swift networks Xavier Kris

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Narrowcast provider Swift Networks reports profit jump

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