Enprise Group reports revenue increase, operating loss

Enprise Group has reported a 10.7% increase in revenue to $20.751 million.

However, the company experienced an operating loss of $2,513K and a loss for the period of $10,752K.

Cash at bank decreased to $229K and shareholders' funds decreased to $1,446K.

Kilimanjaro Consulting, a subsidiary of Enprise Group, resolved a dispute with MYOB, which allows the business to focus on growth.

Kilimanjaro saw an 11% increase in revenue to $19.501 million and a 25% increase in contracted revenues.

Enprise's other subsidiaries, iSell and Datagate, saw increases in annual recurring revenue (ARR) of 18% and 35% respectively.

Vadacom, another subsidiary, experienced a decrease in the carrying value of its investment.