Limners & Bards has reported a sharp decline in profits for the year ended October 31, 2025.
The advertising and communications group posted net profit of $40.2 million, down from nearly $83 million the previous year.
Operating revenue declined by about four per cent to $920 million.
Administrative expenses rose significantly, increasing to $306 million, which weighed heavily on overall performance.
Finance income was also lower, while finance costs increased, further pressuring the bottom line.
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