QMS reports flat profits despite steady income growth

March 1, 2019 2:39

ASX listed out-of-home operator QMS has reported a 9% jump in revenue, despite flat profits, with EBITDA only moving $26,000 to $22.7m compared to the same period last year.

In its first half financial report, the company noted sales had increased to $107.6m, up from $99.1m the year before, on the back of a strong performance in the Australian out-of-home market.

The $8m revenue jump was largely absorbed by a $3.5m increase in the group’s cost of sales and a $3m increase in operating expenses.

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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.

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