Enero Australian earnings increase but revenue slides amid spate of senior executive departures

Marketing group Enero remains in the red after posting a net loss of $2.8m in the 2015 financial year – a marginal improvement on last year – on the back of an eight per cent decline in revenue.

The loss for the holding company which owns agencies including BMF and Naked, is down from $2.9m in 2014 and comes despite a two per cent rise in operating earnings to $9.2m.

Enero chief executive Matthew Melhuish admitted the group faced “challenges relating to specific businesses” during the year but insisted the foundation of the company was now “stronger”.