Full Year Financial Report
Sydney, Mar 24, 2017 AEST (ABN Newswire) - The Directors present their report together with the financial report of the Consolidated Entity comprising Invigor Group Limited (
ASX:IVO) ("the Company" or "Invigor") and its controlled entities (together "the Consolidated Entity") for the financial year ended 31 December 2016 and the Auditor's report thereon.
Principal Activity
The principal activity of the Consolidated Entity is to operate as a digital solutions group capable of delivering both sales and fulfilment capability. It specialises in innovative business intelligence, big data solutions and uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers. The Company intends continuing to seek investment opportunities which are profitable and synergistic with the overall strategy.
Likely Developments and Prospects
The Company is looking to leverage both existing and new partnerships to drive further growth across all business units. The Company expects to announce a number of key partnerships with market leading organisations that will significantly strengthen the distribution channels for both Insights Visitor and SpotLite.
Insights Retail revenue is expected to grow materially through the engagement with major retailer and brand groups. The Company is also assessing the entry into new market verticals and geographies to further drive growth of Insights Retail.
The Company expects implementation of its business strategy to deliver improved financial results. The Company intends continuing to seek investment opportunities which are profitable and synergistic with the overall strategy.
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About Invigor Group Ltd
Invigor Group (ASX:IVO) uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers.
Today its interconnected data sets enable enterprise clients including retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing the consumer with the best value-for-money.
Using its current products and a pipeline of additional offerings Invigor will have the ability to provide an end-to-end solution spanning sales, product management, business intelligence, marketing, advertising, content creation and distribution, while monetising each step of the process.
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