SCA dividends to recommence in FY21 as finances continue to improve | radioinfo

SCA dividends to recommence in FY21 as finances continue to improve

Friday 07 May, 2021

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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