Enero Group net profits, revenue plummets in FY24

Enero Group has seen its net profits, earnings, and revenues fall due to “tough trading conditions in the technology sector”.

The ASX-listed company’s net revenue fell by 21.5% in FY24 from $241.6 million in FY23 to $189.7 million for the year.

Earnings before interest and tax were more than halved during the financial year, down from $68.8 million to $27.4 million – a fall of 60.1%.