IT services specialist The Citadel Group (ASX:CGL) revealed a rather large drop in profit for the last financial year, with post tax earnings coming in 43.8% lower at $10.9 million. Still, this was largely expected with both revenue and operating profit (EBITDA) coming in almost exactly at the mid-point of Continue Reading
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Citadel Group (ASX:CGL) share price plunges 35% on profit warning
The Citadel Group (ASX:CGL) share price fell 35% on Friday, after the company released a profit warning revising down its FY19 financial guidance to between $97 to $104 million. What was the underlying driver of this, and will this be a continuing trend for the company? What does Citadel Group Continue Reading