The share market reacted positively to oOh!Media's report of an improvement in the outdoor media market.
A short time ago, the shares were up more than 11% to $1.655.
The company today reported its annual results, saying its March quarter business is running at 80% of the corresponding period in 2019.
oOh!Media says it is strongly positioned to capitalise on improving audience and market conditions.
Revenue fell by 34% to $426.5 million in the 12 months to December but the company reported significant recovery in the fourth quarter across key formats, including Road, Retail and Street Furniture.
The underlying loss for the full year was $8 million compared to $52.4 million profit the previous year.
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