BUZZ-New Zealand's NZME surges on potential divestment of unit, OneRoof
ReutersFeb 25, 2025 11:10 PM
Shares of NZME Ltd NZM.NZ rise 11.5% to NZ$1.1600, their highest level since March 9, 2023
Media and entertainment company reports potential spinoff of its property unit, OneRoof
Company also posts HY EBITDA of NZ$54.2 million ($31.02 million), down 3.6% from last year
NZM expects to deliver advertising revenue growth of 4% for the first quarter of 2025
Stock up 9.4% YTD, including current session's moves
($1 = 1.7470 New Zealand dollars)
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