SOCO Corporation Reports Return to Profitability
SOCO Corporation Ltd (ASX:SOC), an Australian IT consultancy, held its Annual General Meeting, marking a significant turning point for the company.
The Chairman's address highlighted a return to profitability and progress in diversifying its revenue base, with revenue reaching $21.3 million and improvements in underlying EBITDA and NPATA.
- Revenue: $21.3 million
- Improvements in underlying EBITDA and NPATA
- 64% of revenue from non-Federal Government clients, reducing concentration risk and expanding market exposure
A key focus has been diversifying the client base
Author's summary: SOCO Corporation Ltd returns to profitability.