Sports Entertainment Group Limited (AU:SEG) has released an update.
Sports Entertainment Group Limited reported a strong financial performance for the March 2024 quarter, with a 24% increase in revenue from continuing operations, reaching $31.0 million, and net cash inflows of $2.9 million. The company also highlighted the successful sale of its New Zealand digital and audio businesses, investments in SEN Teams, and an improvement in group cash to approximately $11 million. Additionally, SEG is progressing on debt repayment, committing to pay $7.1 million by the end of July 2024, which will bring its debt down to $20 million.
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