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IN BRIEF: Ocean Outdoor Expects Weaker End To Year As Revenue Dives

17th Nov 2020 14:11

Ocean Outdoor Ltd - London-based digital advertising firm - For third quarter ended September 30, posts revenue of GBP21.0 million, down 26% year-on-year from GBP32.9 million. Notes that while it has seen improving market trends, these have stalled due to a national lockdown in the UK and stricter restriction measures in the Netherlands. Says as a result, it now expects a weaker end to the year than previously envisaged.

Current stock price: USD6.45

Year-to-date change: down 10%

By Ife Taiwo; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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