oOh!media (ASX:OML) reported a 13% first quarter total revenue growth compared with the same period last year, with a 16% increase in Australian media revenue, in line with the Outdoor Media Association, according to a Thursday filing with the Australian bourse.
The right-sizing of the operating cost base and continued cost discipline are expected to result in net cost savings of roughly AU$15 million and an operating expenses base of between AU$153 million and AU$155 million, the filing said.
The company expects this year's capital expenses to be between AU$45 million and AU$55 million, pending development approvals, per the filing.
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