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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.

View full SW1 profile View Profile

Swift Media Ltd Timeline

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