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Southern Cross Media Group Limited ( (AU:SXL) ) has provided an announcement.
Southern Cross Media Group Limited reported a 5.3% increase in revenue from ordinary activities for the half-year ending December 31, 2024, compared to the previous year. Despite a net loss from ordinary activities after tax from continuing operations, the company achieved a significant rise in net profit from ordinary activities after tax, excluding significant items, by 279%. However, the company announced the suspension of its dividend reinvestment plan and confirmed no dividends will be paid for the fiscal year ending June 2025, reflecting a cautious approach in its financial strategy.
More about Southern Cross Media Group Limited
Southern Cross Media Group Limited, operating under the brand Southern Cross Austereo, is an Australian company involved in the media industry. It comprises Southern Cross Media Group Limited and its subsidiaries, focusing on providing media and entertainment services across Australia.
YTD Price Performance: 12.12%
Average Trading Volume: 205
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €93.28M
For an in-depth examination of SXL stock, go to TipRanks’ Stock Analysis page.