Enero back in the black as profit lifts 336%

August 10, 2016 12:40

After posting a net loss of $2.8m last year, Enero is back in the black after posting a net profit of $6.6m, up 336% on the previous year.

The parent company of agencies including BMF, Naked, Frank and Dark Blue Sea, reported a rise in net revenue of 3% to $113.5m compared with $110.3m a year ago – with growth in international markets offsetting a drop in Australian revenue.

CEO Matthew Melhuish said the result had been driven by a prudent approach to the business over the past year.

“We have delivered revenue, operating EBITDA and margin growth this year which is a result of the focus around new business conversion and sensibly managing our cost base,” Melhuish said.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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