Opus stays in red, looks to sell outdoor

摘要

The private equity funded Opus Group stayed in the red zone for 2012-13, recording a $2.8m loss, and says it will look at divesting its outdoor media business. The $2.8m loss compared with a $1.8m loss in the previous year, and was not predicted in the Group's outlook earlier in the year. It came on the back of a $22m increase in revenue, up to $97.2m, driven mainly with the McPherson's acquisition coming in for its first full year in the group. Underlying EBITDA dropped by a third to $14.1m.