Ooh Media sees slight profit increase ahead of anticipated Adshel acquisition

Australia’s largest out-of-home media player, Ooh Media, has increased its net profit after tax (NPAT) from $8.92m in the first half of 2017 to $9.23m for the first six months of 2018.

Revenue for the company climbed from $172.99m to $192.03m for the half – after growth in all segments except retail – while costs associated with mergers and acquisitions fell from $2.14m to $1.59m.

Ooh Media’s revenue from ‘road’ increased 16.4%