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.
Download the full Press Release below.