Millennium Services Group Ltd - Q2 FY24 Revenue Beat Our Estimates Due to Ad-Hoc Work
SUMMARY
- Human services company Millennium Services Group Ltd (ASX:MIL) has released its Q2 FY24 cash-flow report and a Q2/H1 FY24 revenue update.
- Total Q2 FY24 revenue increased 17.7% on the pcp, accelerating from Q1 FY24 and above RaaS estimates with ad-hoc revenue the key surprise, up 40% due to additional extended trading hours at retail malls and new security project work.
- MIL is on track to achieve its FY24 revenue guidance of $300m to $305m.
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- Millennium Services Group Ltd - Q2 FY24 Revenue Beat Our Estimates Due to Ad-Hoc Work29 Jan 2024
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