Infomedia revenue up: profit down

Company News

by Lee Brooks


Infomedia Limited (ASX:IFM) has reported a 13 per cent increase in revenue to $68 million.

Profit however was down 22 per cent as the company invested in its sales and product delivery capacity to meet increased demand.

A few restructuring costs and the closing out of hedging contracts also impacted the bottom line.

And Board Chair Fran Hernon has resigned with non-executive director Bart Vogel appointed in her place effective October 1.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.