Salmat moves back to profit despite declining revenues

August 29, 2017 2:58

Salmat has turned last year’s $6m loss into a profit of $4.3m despite revenues continuing to fall, the company reported today.

Rebecca Lowde replaced Craig Dower as CEO in May

Full year revenue for the marketing services company was down by $15.5m to $435.3m as new business growth failed to keep pace with expired contracts.

The company said underlying earnings before interest, tax, depreciation and amortisation was up 16.3%, to $22.8m.

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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 .

Topics

Craig Dower Rebecca Lowde Salmat

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Salmat moves back to profit despite declining revenues

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