Global Health focused on delivering sustainable revenues
Melbourne, Victoria
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July 25, 2023 10:40 AM Eastern Daylight Time
Global Health Ltd (ASX:GLH) group managing director Mathew Cherian talks Proactive through the company’s June quarterly highlights. He says the period was marked by the group’s Australian operations returning to positive cashflow, Global Health delivering strong customer revenues and doubling operating profits.
“We are very proud of our achievements over the June 2023 quarter – both from a financial and operational perspective,” Cherian said in the quarterly note.
“Group EBITDA, pre-R&D expenses, more than doubled in the quarter, while the Group’s Australian operations were cash flow positive both in the latest quarter and the June 2023 half year. Global Health’s focus on delivering sustainable revenues is also bearing fruit, with a good double-digit uplift in annual recurring revenues in the current financial year over the previous year.
“Operationally, we successfully completed or progressed several important system implementations in the June 2023 quarter, while a key new contract was executed. At the same time, we have also laid the groundwork for future growth, with our replatformed Allied Health and Medical Specialists SaaS products set to be released by December 2023.”
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