Smartgroup Corporation (ASX:SIQ) banks on cost efficiency and digital investment to drive earnings growth.

Fri 15 Nov 24, 08:19 AM | Team Kalkine

Image source: Company update

Highlights

Smartgroup Corporation Ltd (ASX:SIQ) is an ASX-listed company that offers fleet management, outsourced administration, software, distribution and group services.

Growth prospects for administrative and support servicesThe seasonally adjusted data published by the Australian Bureau of Statistics on 13 November 2024 indicates that in the September 2024 quarter, Wage Price Index (WPI) grew by 0.8% and 3.5% annually. The contribution from the administrative and support services was the highest with quarterly growth of 2.1%.

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