Business
New Zealand's NZME marks 6-week high on upgrading FY earnings forecast
New Zealand's NZME marks 6-week high on upgrading FY earnings forecast
About this update from Nzme Limited
** Shares of media and entertainment company NZME NZX:NZM rise 6.7% to NZ$1.12, their highest level since September 17** Co revises up FY25 operating EBITDA forecast to between NZ$59 million ($33.82 million) and NZ$62 million from previous range of NZ$57 million to NZ$59 million** On track for strongest session since February 26, if gains hold** About 543,045 shares change hands, 4.4x the 30-day average of 124,699** Stock up 4.7% YTD ($1 = 1.7443 New Zealand dollars)