Enero boss "disappointed" with $83 million loss

By AdNews | 22 August 2013
 
Enero CEO, Matthew Melhuish.

Enero reported an $83 million loss in the last financial year, with chief executive Matthew Melhuish saying the company was “naturally disappointed" with the result.

The company's loss was reduced from $143.3 million in the prior reporting period.

Revenue was $127.3 million, down from $225.2 million.

Melhuish said: “While we are naturally disappointed with the results for the financial year, we continue to build our operating structure and are working hard to get the fundamentals of a high performance group right.

“We have strengthened our executive team, the operating brands are now working collaboratively across new business, existing clients and sharing of talent, and importantly we are focused on delivering outstanding work for our clients in this rapidly changing marketing landscape.”

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