IVE Group reports revenue of $656m, while net profit is down on FY20

ASX listed IVE Group, parent company of Salmat, which was rebranded under the group in 2020, has reported its financial results for FY21, the year ending 30 June 2021.

The company has delivered a $30.2 million net profit including JobKeeper payments, that figure totalling $19.9 million without JobKeeper, down on the $36.7 million figure reported in FY20.

It also reported revenue of $656.5 million, down 3.1% and an EBITDA result of $100.2 million including JobKeeper, that number also dropping to $85.3 million without JobKeeper, up on last year’s $76.6 million.