Ava Risk Group Ltd. (AU:AVA) has released an update.
Ava Risk Group Ltd. reports a 5% increase in consolidated revenue for the year ending June 30, 2024, while experiencing a significant 394% rise in loss after tax to shareholders and a 280% decrease in EBITDA. Despite these financial setbacks, the company paid out a special dividend in December 2023, although no dividend reinvestment plan is currently in place. Additionally, the net tangible asset backing per ordinary security decreased to 4.94 cents from 6.03 cents the previous year.
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