AF Legal Group Limited (AU:AFL) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
AF Legal Group Ltd has announced the conditional purchase of Armstrong Legal’s criminal and family law practices, plus the armstronglegal.com.au website, for an initial sum of $2.25 million plus GST. The acquisition, expected to complete by October 28, 2024, is set to enhance AFL’s legal service offerings and is projected to generate annual revenue of $3.3 million with a net profit before tax of approximately $700,000. The deal, part of AFL’s growth strategy, will be financed through a bank debt from their $9 million NAB facility and marks the company’s expansion into criminal law.
For further insights into AU:AFL stock, check out TipRanks’ Stock Analysis page.
