Isentia (Australia-based company engaged in the provision of media intelligence to public and private sector clients through directories, media release distribution, monitoring of the media and analysis) reaffirmed its EBITDA guidance which was earlier released at the time of First Half FY18 results and the Group expected that EBITDA will be in the range of $32-36 million in FY18 and the Company will report its Full Year result on 23 August 2018.
The Company appointed Ed Harrison as its Managing Director and Chief Executive Officer and he will be taking his responsibilities from 6 August 2018 and Ed Harrison will replace John Croll who resigned in February and stepped down from the position in May 2018. Ed Harrison has 25 years of experience and has a deep knowledge of traditional and digital media and has executed disciplined growth strategies in organisations across a range of competitive markets. James Orlando, Company’s CFO also resigned, and the Company is in search of new CFO and for a smooth handover, Mr. Orlando will remain with Isentia until a new CFO commences the role. After these updates, the stock enhanced by 15 per cent on ASX (as on 6 July 2018; 02:15 PM AEST).
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