Salmat revenue down $11.1m with company blaming product and services rationalisation

Marketing services company Salmat has reported earnings of $13.4m for the six months ended December 31, 45.7% up on the six months at the end of 2015, however revenue was down 4.7%.

In its financial results announced to the market today, Salmat reported revenue of $224.5m, down 4.7% on the same period the year before with the company saying it “was $11.1m down on 1H16 as new business is not yet fully compensating for the decline in revenue following the product and services rationalisation”.