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The latest announcement is out from Argentex Group Plc ( (GB:AGFX) ).
Argentex Group PLC announced its trading update for FY24, reporting revenues of approximately £50.3m, slightly exceeding FY23 and surpassing market expectations. Despite challenging market conditions early in the year, the company saw improved trading momentum and year-on-year growth in the second half. Strategic initiatives, including obtaining operational licenses in Australia and Dubai, as well as investments in technology and leadership, have positioned Argentex for continued expansion and diversification into broader markets. This progress is expected to enhance customer retention and open new revenue streams, with new services slated for rollout in H2 2025.
More about Argentex Group Plc
Argentex Group PLC is a global specialist in currency risk management and alternative banking. Established in 2012 and headquartered in London, the company listed on London’s AIM market in 2019 and has expanded its operations to Amsterdam, Dubai, and Australia.
YTD Price Performance: 23.44%
Average Trading Volume: 684,296
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £42.81M
See more insights into AGFX stock on TipRanks’ Stock Analysis page.
