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Business December 16, 2020 KARACHI: Private sector paid off Rs14.979 billion to banks in over five months of this fiscal year as businesses with ample liquidity on hand, owing to pandemic-led contraction, opted to ease the debt burden and hold off new borrowing, latest numbers showed on Tuesday. According to State Bank of Pakistan (SBP), corporate entities retired this amount during July 1, 2020 to December 4, 2020, while the loan amount cleared in the same period of the last fiscal year was Rs79.22 billion. The credit offtake usually gains momentum in the second quarter of each year. Howeve...

Press Release – oOh Media Significant revenue rebound in Q4; FY20 revenues anticipated between $420m-$430m Rent abatements of approximately $54m contracted for FY20 as of 10 December 2020 Operating cost savings (excluding JobKeeper) in excess of $15m for FY20 FY20 Capital Expenditure anticipated to be below $20m Net Debt anticipated to be between $120m and $130m at 31 December 2020 Focus on strong financial position maintained – debt facilities refinance to 2023 oOh!media Ltd Company) today provided a business update, including an update on market and trading conditions. oOh!’s strateg...

Press Release – oOh Media oOh!media Ltd (oOh! or the Company) today provided a business update, including an update on market and trading conditions. Strong recovery in key Out of Home audiences post COVID-19 lockdown Significant revenue rebound in Q4; FY20 revenues anticipated between $420m-$430m Rent abatements of approximately $54m contracted for FY20 as of 10 December 2020 Operating cost savings (excluding JobKeeper) in excess of $15m for FY20 FY20 Capital Expenditure anticipated to be below $20m Net Debt anticipated to be between $120m and $130m at 31 December 2020 Focus on strong fina...

Significant revenue rebound in Q4; FY20 revenues anticipated between $420m-$430m Rent abatements of approximately $54m contracted for FY20 as of 10 December 2020 Operating cost savings (excluding JobKeeper) in excess of $15m for FY20 FY20 Capital Expenditure anticipated to be below $20m Net Debt anticipated to be between $120m and $130m at 31 December 2020 Focus on strong financial position maintained – debt facilities refinance to 2023 oOh!media Ltd Company) today provided a business update, including an update on market and trading conditions. oOh!’s strategy through the COVID-19 pandem...