ASX-listed marketing company Salmat is back in the black after reporting a $4.3 million profit for the last financial year.
The result is a big turnaround from the $6 million loss it posted in FY16, while Salmat’s revenue was down slightly (by 3.4 per cent, to be exact) to $435.3 million.
The company’s expenses before interest, tax, depreciation and amortisation was 16.3 per cent to $22.8 million for the 12 months to 30 June 2017.
Salmat CEO Rebecca Lowde (pictured above) said the return to full-year profit is a significant milestone for the company.
“While revenue was down this year, we have been able to do more with that revenue, growing both earnings and net profit. We are also generating more cash from operations,” she said.
“These full-year results are a testament to the work we’ve done to transform Salmat’s business operations, but we remain mindful of the ongoing challenges of the current economic landscape.
“We are setting plans in place to address these market challenges, innovate Salmat’s service capabilities and grow new business.”
Please login with linkedin to commentWindows
Leading Australian market research data brand, RDA Research, provides actionable consumer intelligence to help businesses inform decision making and growth strategies. RDA Research wanted to make its unique consumer data available for addressable digital targeting and required a data onboarding partner to help activate their data in an online environment.
Storytelling agency Enthral has appointed Channel 7 reporter and sports presenter Sean Sowerby as its new senior PR and content manager in Melbourne. Sowerby (pictured) started his award-winning career at 3AW before spending more than 15 years in television. Enthral founder and manager director, Cameron Smith, spoke of the significance of Sowerby joining the agency. […]
This week Nova’s Fitzy & Wippa are celebrating 10 years of their iconic radio show and plenty of famous faces have weighed in on the feat! For Fitzy & Wippa’s 10-year anniversary show they were joined by a bunch of special friends who shared their messages and favourite memories over the last decade. The guys […]
Ever since Google first announced it would be getting rid of third-party cookies on Chrome, digital advertising businesses have been actively sharing their plans for life after cookies. And now programmatic advertising company Blis might have come up with the most creative way to get the message across, in a new video which sees company […]
Integrated Melbourne agency Icon has taken top honours in the 2021 SABRE Awards, winning the coveted Australasian Consultancy of the Year for 2021 along with a host of category and craft awards. Icon led a large field of Australian agencies with a total of three major and seven minor awards, including gold in the cause-related […]
Former agency executives Tim O’Neill and Tim Fouhy have launched the auto technology startup Summon. Australia’s first full e-commerce service for prestige cars. O’Neill and Fouhy both founded Reactive, a digital agency, which was bought by Accenture in 2016. Following the deal, O’Neill and Fouhy ended up leading the company’s digital marketing arm, Accenture Interactive before […]