FinTechFunding

Swift Media: Reports nearly 24pc jump in revenue

  • Swift Media has reported strong quarterly results with an increase in revenue of 23.4 per cent to $5.9 million and an EBITDA growth of 160 per cent for Q1 FY21
  • Swift Media delivers premium entertainment, communications and advertising to various sectors
  • The mining and resources division experienced a 50 per cent increase in revenue from Q4 FY20 and also brought in 12 new contracts worth $1.2 million
  • However, the aged care division saw a 13 per cent decrease in revenue due to COVID-19 restrictions
  • Despite this, Swift installed its Swift Plus system in 800 rooms across five aged care facilities to support connectivity and reduce isolation
  • Swift is trading a healthy 17.7 per cent higher for four cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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