Enero $77.6m loss H1 2012-13

Submitted by Share Trading on 18 February, 2013 - 07:53

Marketing communication services company Enero (ASX:EGG) (formerly named Photon) have released its first half results to the investors and traders of the Australian stockmarket. The company includes advertising agency BMF, Frank, hotwire PR, The Leading Edge and Naked Communications.

  • Enero had a Loss of $77.6 million for the first half.
  • Net revenue was at $67.8 million for the first 6 months, down 51 per cent from $139.4 million for the previous corresponding period.
  • Enero chief executive Matthew Melhuish, "I am confident that we will see the benefits of the initiatives we have rolled-out over the last six months," in reference to new executive appointments and a new centralised company structure.
  • In the year there was a $75.9 million write-down on intangible assets.

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