News

Enero reveals profits slump

August 22, 2013 1:33

Enero – the remaining assets of the troubled Photon Group – saw another year of decline, figures released to the ASX today reveal.

According to the update, the company – whose agencies include BMF, Naked Communications, Hotwire, Frank PR and TLE – saw operating profits shrink from $13.9m to $3.5m.

Enero has been gradually closing or selling its unprofitable agencies. For those remaining within the business, revenues shrank from $148.6m to $125.6m.

The company also wrote down the value of its businesses by $75.9m.

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I write about the world's media and marketing industry from an Australian perspective Australian lens. I've worked in the UK, Middle East, Asia & Australia. I founded Mumbrella, which we sold in 2017.

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Enero Matthew Melhuish
1 COMMENTS
macsmutterings 22 Aug 13

will my shares ever recover…..

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