Pureprofile posts further declines in revenues and profits

January 23, 2019 2:35

Troubled ASX-listed online intelligence platform, Pureprofile, has reported a year-on-year 16% fall in revenue and a further fall in profits in its half-year financial report.

The company, which was the second-worst performer among ASX-listed media and marketing stocks in 2018, reported $23.8m in revenue and $0.6m in earnings before interest, tax, depreciation and amortisation (EBITDA) for 2018’s last six months.

Pureprofile appointed Nic Jones as CEO in December 2017

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

Topics

Nic Jones pureprofile

2 COMMENTS

Interesting observation 23 Jan 19

Now, I’m an avid reader of Mumbrella, Adnews and BandT. Over the last year or so a few very evident trends have occurred. We’ve seen with perceived high profile people/leaders in market:

– Them “leaving” or being made redundant from businesses
– Becoming consultants for their own business and not moving into a more senior opportunity
– Taking steps back into roles which don’t compare
– Joining new businesses and performance sliding
– Moving into another firm and them exiting really quickly

It’s been a great case for supporting the problem with lack of leadership in this industry. More specifically the lack of people who have a vision and can execute that.

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ASX warning 23 Jan 19

How are these guys still allowed to trade ? Surely the ASX or relevant governing body step in and put them out of their misery?

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