Infomedia reports profit slip

Company News

Infomedia Limited (ASX:IFM) has reported a 14 percent fall in net profit to $6.024 million for the six months ended 31 December 2015.
 
Sales revenue grew by 16 percent or 3 percent in real terms to $33.92 million with growth in real terms across all operating regions.
 
The company highlighted the EMEA region was most affected by the non-renewal if a Superservice Menus contract with Jaguar Land Rover, which expired on 31 December 2014.
 
Infomedia confirmed its guidance of high single digit to low double digit sales revenue growth in FY2016.
 
Infomedia will pay a half year dividend of 1.65 cents unfranked.

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