September 24, 2021

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Enero profit up 77% – AdNews

Getty Images/iStockphoto Boutique marketing and communications company Enero reported an underl.......

Getty Images/iStockphoto


Boutique marketing and communications company Enero reported an underlying net profit after tax of $22.8 million up 76.7% for the full year to June.

Net revenue was $160.6 million, up 18.3%.

The company reported a statutory net loss after tax of $0.4 million after a non-cash accounting charge of $23.2 million relating to disposal of dormant foreign subsidiaries and Frank PR.

CEO Brent Scrimshaw said: “It is pleasing to see Enero Group’s progress in the last twelve months as we have accelerated the sustainable growth opportunities available to us around the globe.

“It has been our utmost priority to establish a new operating framework, supported by our new executive leadership team, strong culture and diverse talent pool, to deliver on that growth vision.

“Client expectations are changing in today’s world, and Enero is delivering new solutions that drive smarter and more effective outcome.”

A fully franked dividend of 4.4 cents a share was declared. 

Enero’s portfolio includes: digital agency Orchard; creative agency BMF; brand, marketing and PR comms consultancy Hotwire; programmatic marketing platform OBMedia; issues management comms advisory CPR; and strategic data consultancies The Leading Edge and The Digital Edge.

Full year numbers:

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Source: https://www.adnews.com.au/news/enero-profit-up-77