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The latest announcement is out from Auctus Investment Group Limited ( (AU:AVC) ).
Auctus Investment Group Limited reported a significant turnaround in its financial performance for the half-year ending December 2024, achieving a profit of $1.7 million compared to a loss in the previous period. This improvement was driven by increased revenue from capital and transaction fees, resulting from successful fundraising activities, notably the launch of the US Opportunities Fund II. The company’s assets under management surpassed $550 million, reflecting its robust market positioning and ongoing growth strategy. Additionally, Auctus recorded an unrealized gain on unlisted investments, further strengthening its financial position.
More about Auctus Investment Group Limited
Auctus Investment Group Limited operates in the investment industry, focusing on asset management. The company is engaged in establishing investment funds and raising capital, targeting various market opportunities such as student housing and US opportunities.
YTD Price Performance: 1.79%
Average Trading Volume: 21,277
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$45.76M
See more insights into AVC stock on TipRanks’ Stock Analysis page.
