Millennium Services Group Ltd - Contract Wins Now Evident in the Numbers
SUMMARY
- Millennium Services Group Ltd (ASX:MIL) has announced an update on Q3 FY23 revenue and cash flow from operating activities.
- MIL achieved the first positive quarterly revenue growth since Q1 FY22 at +3.5%, while contract revenue growth was ~+12.6% on the pcp (excludes ad-hoc revenue).
- The COVID-related ad-hoc revenue has now all but cycled out of the quarterly numbers while new contract wins cycle in.
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