Enero Group Sees Profit Rise Amid Cost Management

Enero Group Limited (AU:EGG) has released an update.

Enero Group Limited has reported a year-on-year like-for-like net profit increase of 7% for FY24, despite a 6% decline in net revenue and a 10% reduction in EBITDA. Strong performance from Australian agencies BMF and Orchard contributed to this profit growth, alongside effective cost management initiatives. The company anticipates further benefits from these initiatives in FY25.

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