Site Group International Limited (AU:SIT) has released an update.
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Site Group International Limited reported a revenue of $1.8m in Q4 FY24, with an EBITDA loss of $175k, but anticipates significant revenue growth and operational cash flow improvements in upcoming quarters driven by international training program expansions and strategic restructuring. The company has streamlined its operations, reducing costs and overheads, and is optimistic about returning to profitability with training awards in KSA and a strong outlook for 2025 revenues, alongside development gains from a key property investment in the Philippines.
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