Southern Cross Media Group Limited (AU:SXL) has released an update.
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Southern Cross Media Group Limited (SCA) reported a slight revenue decrease to $499.4 million in FY24 compared to FY23, with underlying EBITDA falling by 14%. However, the company saw a resurgence in the second half of the year, driven by strong performance in digital audio revenues, which jumped by 42%, and a disciplined approach to costs. SCA is also pushing forward with the strategic sale of its non-core regional television assets while expecting to lower capital expenditure and resume dividend payments within the target payout range in FY25.
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