APM Human Services International Limited (AU:APM) has released an update.
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APM Human Services International Limited reported a revenue increase to $2,298 million, up by 21%, but experienced a significant decrease in underlying EBITDA and NPATA, down 23% and 47% respectively, due to lower client flow in Employment Services. Despite these challenges, the company saw an improvement in cash conversion and secured a committed facility up to $950 million, ensuring financial stability through FY30. The company’s performance was influenced by historic low levels of unemployment and a non-cash impairment charge excluded from underlying results.
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