Sports Entertainment Group Limited reported a 24% increase in revenue from continuing operations to $31.0 million for the quarter ending 31 March 2024, with net cash inflows of $2.9 million, and has committed to reducing its debt to $20 million through payments to CBA, aligning with a three-year facility extension.
The company, a sports media content and entertainment business, has improved its cash position to approximately $11 million as of the report's date, following successful asset sales and investments.
ASX Code: SEG