oOh!media has swung to a net profit, thanks to the advertising company's rapid expansion and contract wins.
The company booked a net profit of $18.4 million for the 12 months ending December 31, compared with a net loss of $25 million in 2014.
For 2016, the company forecasts earnings before interest, tax, depreciation and amortisation of between $68 million and $72 million, representing 17-25 per cent growth, and capex of $20 million to $25 million.
oOh!media also said it had reached an agreement to extend its bank facilities by $50 million to $190 million, providing headroom for growth.
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