bullish
Comms Group Limited - Domestic Restructure to Boost FY24+
SUMMARY
- Comms Group Ltd (ASX:CCG) has announced a restructure within its domestic retail business following a review that identified excess resourcing levels.
- The result is an estimated 20 redundancies and an annualised cost saving of $2m at the EBITDA line.
- Guidance for FY23 EBITDA of $5.0m+ (RaaS $5.1m) remains intact for FY23.
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- Comms Group Limited - Domestic Restructure to Boost FY24+12 Apr 2023
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