Objective Corp Ltd

OCL: XASX (AUS)
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Objective Earnings: Weak Guidance as the Company Is Forced to Accelerate Investment

Objective Corporation shares fell more than 20% despite an 11% rise in full-year adjusted EBITDA to AUD 52 million, driven by 9% revenue growth and slight margin expansion. Apparent earnings strength is blighted by the subsequent loss of a large contract after the end of the financial year.

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