Millennium Services Group Ltd - Guidance and Scheme of Arrangement on Track
SUMMARY
- Human services company Millennium Services Group Ltd (ASX:MIL) has released its H1 FY24 interim result, with both revenue (pre-disclosed) and EBITDA in line with RaaS estimates.
- Adjusted H1 FY24 EBITDA increased ~100% on the back of 15% revenue growth, a 20bps increase in gross margin and a well-controlled cost base.
- Management has reiterated both revenue and EBITDA guidance for FY24 which are reflected in current RaaS estimates.
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