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AMA Group Reports Financial Improvements Amid Ongoing Recovery Efforts

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AMA Group Reports Financial Improvements Amid Ongoing Recovery Efforts

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Ama Group Limited ( (AU:AMA) ) just unveiled an update.

AMA Group Limited has released its interim financial report for the half year ending December 31, 2024, indicating a 4.7% rise in revenue from continuing operations to $472.4 million compared to the previous year. The company’s loss after tax has decreased by 56.8% to $4.3 million, and its normalised EBITDA from continuing operations showed a 17.2% increase. Despite these improvements, the company did not declare or propose any dividends, and the net tangible assets per share increased significantly by 86.6% to negative 1.5 cents. These results reflect ongoing recovery efforts and financial strengthening within the company, signaling potential future stability for stakeholders.

More about Ama Group Limited

AMA Group Limited operates in the automotive services industry, focusing on providing repair and maintenance services. The company is known for its comprehensive suite of automotive parts and repair solutions, catering primarily to the Australian market.

YTD Price Performance: -11.67%

Average Trading Volume: 4,465,429

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: A$248.7M

For an in-depth examination of AMA stock, go to TipRanks’ Stock Analysis page.

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