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.

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