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24 October, 2016

Citywide publishes 2016 Year in Review & Annual Financial Report

Citywide has released its Year in Review and Annual Financial Report for FY2016, following a period of consolidation that lays the foundations for future growth . 

The company posted a profit from ordinary activities before income tax equivalents of $8,555,000 (2015: $6,185,000), providing a total return (tax and dividend) of $7.2 million to the City of Melbourne – up 20 per cent from the previous financial year.

“2016 was a challenging year in a difficult, highly competitive market environment. However, the road ahead for us is positive and our new operating model will continue to transform our business,” CEO Chris Campbell said.

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