Millennium Services Group Limited

ASX:MIL
Deleted on 2024-05-09 00:30:04

Millennium Services Group Limited

ASX:MIL
Deleted on 2024-05-09 00:30:04
$1.145 (0%)
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#H1FY21 Results 24/2/21
stale
mmff
Added 4 years ago
View author's company report

Turnaround Complete: set for growth

Turnaround Strategic Objective Established in October 2018

  • Deliver $11m annualised Profit Improvement Plan
  •  Return Group Gross Margins to market competitive target of 14%-14.5%
  •  Exit low margin contracts where no strategic benefit
  •  Ensure payroll compliance – move all staff to Modern Award
  •  Right size the overheads while improving service delivery and resetting for growth
  •  Address all historical financial issues
  •  Reset the Balance Sheet and improve working capital
  •  Refinance the banking facilities
  •  Automate sustainable controls
  •  Ensure compliance to contracts and legislation
  •  Materially improve HSE and Public Liability outcomes
  •  Improve client confidence in the Millennium Brand to enable contract retention and growth

Presentation

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02345066-3A562018?access_token=83ff96335c2d45a094df02a206a39ff4

 

 

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