SCA CEO, Grant Blackley, has told investors that not only has the balance sheet for the company strengthened, but dividends will recommence with the FY21 final dividend.
In a presentation to the Macquarie Investor Conference, Blackley highlighted a growth in Audio revenue that is currently >80% of group earnings and expected to expand, led by an accelerating digital audio market.
While Q3 revenues are still down by 4.3%, that is ahead of the 6%-8% downturn forecast.
SCA’s radio listenership in the metro markets is now higher than the pre Covid levels with a large digital audience with the digital transformation accelerating through the launch of LiSTNR.
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