The latest announcement is out from Academies Australasia Group Limited ( (AU:AKG) ).
Academies Australasia Group Limited reported a 2.8% increase in revenue to $23.9 million for the half-year ending December 2024, with a significant reduction in losses compared to the previous period. The company reduced its loss from ordinary activities after tax by 87.2%, indicating improved financial performance. Despite the positive financial adjustments, no dividends were declared, and the company continues to manage financial challenges, including director loans and student refunds due to visa rejections. The company’s net tangible asset backing per share decreased, reflecting ongoing financial adjustments and market conditions.
More about Academies Australasia Group Limited
Academies Australasia Group Limited operates in the education industry, providing educational services and programs. The company focuses on delivering quality education to students, primarily in Australia, and is involved in various educational initiatives and plans.
YTD Price Performance: -32.14%
Average Trading Volume: 21,074
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.6M
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