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I Synergy Group appoints Morgan Barron as non-executive director

Barron has been involved in numerous capital raisings, corporate restructures, mergers and acquisitions.
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I Synergy achieved a net profit in 2017

I Synergy Group Ltd (ASX:IS3) has appointed Morgan Barron, partner of Ventnor Capital and Ventnor Securities, as non-executive director of the company.

Barron is a Chartered Accountant and has over 15 years of experience performing director and advisor roles for ASX listed companies across a broad range of sectors.

Barron has been involved in numerous capital raisings, corporate restructures, mergers, acquisitions, divestments and recapitalisations.

READ: I Synergy Group signs a deal to expand its retail affiliate program in Malaysia

Earlier this month, I Synergy’s Malaysian subsidiary entered into a memorandum of understanding (MoU) with St John Ambulance Malaysia, a non-profit organisation.

The objective of the MoU is to facilitate St John’s participation in MyKad Smart Shopper, a retail affiliate program managed by I Synergy.

The affiliate program provides advertisers in the retail industry a performance-based marketing channel to enhance their brand awareness and generate business leads.

Profitable operations

I Synergy’s affiliate program transaction count increased 135% to 134,439 in the December 2017 quarter compared to the previous quarter.

Notably, the company achieved a net profit of $0.6 million for the year ended 31 March 2017 on a revenue of $10.6 million.

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I Synergy Group Ltd Timeline

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