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Aussie Turnaround?

Aussie Turnaround?

Australias Skilled Group Limited, has reported its revenue increased to AUS$1.94 billion (978 million) in its fiscal year ended June 30. EBITDA was AUS$86.1 million (43.8 million).

During the period the company has made significant head count reductions and Executive pay cuts of 10%. Staff are working a 9 day fortnight and 37 branches have been closed.
CEO Greg Hargrave said in a statement that revenues have stabilised in the last few months early signs of an approaching recovery. He cited that customer specific demand had increased and customers were beginning to talk of preparing for growth

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