Enero Group Limited (AU:EGG) has released an update.
Enero Group Limited reported an 11.8% decline in net revenue for Q1 FY25 compared to the previous year, highlighting challenges in the international technology market despite strong domestic business momentum. While new client acquisitions have increased costs, these were offset by cost reductions, improving margins. The company remains focused on reducing its corporate cost base and is on track to sell its OBMedia division by Q2 FY25.
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