- SMG ( OTCQB:SMGI ) reports prelim FY22 revenue of ~$70.95M, an increase of ~36% from FY21.
- The company also saw its new 5J Logistics Services line of business enjoy greater pricing and the contribution of operating revenues as it expanded both its footprint and customer base, not present during the 2021 comparable periods.
- "The Company benefited from higher activity levels and increased pricing relative to the year ago period from its customers in its industrial division. Additionally, the heavy haul division transporting infrastructure including bridge beams, compressors and refinery components contributed to the increase in revenues during 2022," said Mr. Matt Flemming, Chairman of SMG.
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SMG forecasts 36% growth in FY22 revenues