Vital reduces loss, reaffirms guidance

Wed, 22 Feb 2023

Communications company Vital Limited has reported a $190,000 net loss for the first half of the 2023 financial year. In the same period last year, Vital recorded an $800,000 loss. The result of Vital's first half year under new chief executive Jason Bull includes a $380,000 after-tax lease adjustment, making the adjusted result for the period a $190,000 profit.The improvement was mostly driven by a 15% ($1.96 million) reduction in operating costs.Total services revenues declined by 14.3% to $14.15m on the same period in the previous fi...

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