Millennium Services Group Limited Announces Unsuccessful in Retaining Its Cleaning and Security Contracts
August 01, 2021 at 06:32 pm EDT
Millennium Services Group Limited has been notified by QIC Ltd. that it was unsuccessful in retaining its Cleaning and Security contracts which accounted for approximately $28 million in gross revenue in FY21. With planned cost savings and reductions, most of which will be achieved in H2, this will have a negative impact on NPAT for FY22 of around $0.5 million. MIL's close working relationship with centre management, coupled with an unblemished performance and safety record over 24 years, was acknowledged by QIC Ltd.