QMS Media Limited reported consolidated earnings results for the half year ended December 31, 2016. For the half year, the company reported revenue and other income of AUD 78.9 million against AUD 44.44 million a year ago. Operating profit was AUD 11.8 million against AUD 7.71 million a year ago. Profit before tax was AUD 10.1 million against AUD 7.31 million a year ago. Profit after tax was AUD 7.5 million against AUD 5.7 million a year ago. Profit attributable to owners of the company was AUD 7.00 million against AUD 5.8 million a year ago. Basic and diluted earnings per share were 2.3 cents against 2.2 cents a year ago. Net cash from operating activities was AUD 14.1 million against AUD 1.6 million a year ago. Underlying EBITDA was up 67% to AUD 17.9 million against AUD 10.7 million a year ago. Acquisition of property, plant and equipment was AUD 12.8 million against AUD 7.64 million a year ago. Acquisition of intangible assets was AUD 15.03 million a year ago. Growth in revenue was driven by a combination of expanded media inventory along with a full six months of earnings for the New Zealand acquisitions which occurred in December 2015 (for the six months ended 31 December 2015 only one month of earnings was consolidated into the results of the Group). EBITDA was AUD 17.32 million against AUD 9.89 million a year ago. Underlying EBITDA was AUD 17.86 million against AUD 10.7 million a year ago.

The company has upgraded its fiscal year 2017 EBITDA guidance to AUD 37 million, including a part-year contribution from the Sports acquisitions of approximately AUD 1 million (before transaction costs). The guidance reflects - Ongoing strength of Out-of-Home industry fundamentals in Australia and New Zealand. Delivery of its upgraded landmark digital billboard target of 68+ in fiscal year 2017, and a full period contribution from billboards switched on in fiscal year 2016. Full year contributions from: - Acquisitions completed in fiscal year 2016 ­ iSite, Omnigraphics NZ and ABSee. Auckland Transport and Bali Airport concessions. Advertising market seasonality, with underlying revenue and earnings more weighted to first half. Ongoing investment in corporate overheads, reflecting previously highlighted commitment to systems, resources and capability development.