AFG Reports Strong Growth and Optimistic Outlook
Company Announcements

AFG Reports Strong Growth and Optimistic Outlook

Australian Finance Group Ltd. (AU:AFG) has released an update.

Australian Finance Group Ltd. has reported a strong finish to FY24, with significant growth in its Distribution division and a resurgence in its Manufacturing division, suggesting a positive outlook for FY25. The company has announced robust cash flows and a decrease in operating costs, alongside a record high residential loan book of $200 billion and a fully franked final dividend of 4 cents per share. AFG’s strategic investments and broker network expansion have positioned it well for future growth and market share gains.

For further insights into AU:AFG stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!