viewSwift Media Ltd

Swift Media director snaps up shares on-market

The company completed the acquisition of the Medical Media advertising business in mid-February.

man with briefcase running up ascending share price arrow
Director Robert Sofoulis is the founder of Swift Networks and Wizzie TV

Swift Media Ltd (ASX:SW1) has had its non-executive director Robert Sofoulis purchase 355,000 shares valued at $98,974.

The shares were purchased via on-market trades at an average price of 27.88 cents. 

Sofoulis is a major shareholder in the company with 30.54 million shares.

READ: Swift Media’s sustained revenue and profit growth translate into higher operating cash flow

Last week, Swift revealed its December half result showing EBITDA of $2.74 million for the half representing a year-on-year growth of 168%.

The company also achieved revenue of $12.47 million for the half year, delivering year-on-year revenue growth of 20%.

Swift is a diversified telecommunication, advertising and content solutions provider with services including free-to-air television, pay television, video on demand, integrated advertising and analytics.

The company recently changed its name to Swift Media Ltd from Swift Networks Group Ltd.

Quick facts: Swift Media Ltd

Price: 0.042 AUD

Market: ASX
Market Cap: $18.5 m

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