AF Legal Group Limited (AU:AFL) has released an update.
AF Legal Group Limited reported a Q3 FY24 revenue of $4.9 million, marking a 5.2% decrease from the previous quarter and a slight 2.1% drop from the same period last year. The company experienced its first loss since the first half of FY23, with a Net Profit Before Tax (NPBT) loss of $149k, attributing the downturn to seasonal challenges and fluctuations in large case volumes in their Watts McCray division. Despite the short-term setbacks, AF Legal Group remains focused on growth investments, including opening new offices and ramping up training, positioning itself for anticipated future growth.
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