Sports Entertainment Group revenue recovers from COVID

Sports Entertainment Group have released their FY21 results, and show revenue is up by 10.4% and EBITDA up by 109.6% on last year.
Total revenue for the group was $73.7M compared to $66.8 in FY20, while operating costs were down by $3.3M, while Net Debt was up to $11.2M.
SEG renewed its existing financing facility with the Commonwealth Bank for a further three years, and still has $12M of undrawn funds available as at June 2021.
The group has also expanded from a two owned station network in Melbourne 18 months ago, to a 24 owned station network that now spans all capital cities, and a number of key regional towns across Australia.
This network was further expanded subsequent to FY21 with the launch of SENZ in New Zealand.



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