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Reading: Salmat Returns To Profit Despite Revenue Drop
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B&T > Marketing > Salmat Returns To Profit Despite Revenue Drop
Marketing

Salmat Returns To Profit Despite Revenue Drop

Staff Writers
Published on: 30th August 2017 at 3:20 PM
Staff Writers
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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.”

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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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