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Australian Wealth Advisors Group Ltd. ( (AU:WAG) ) has issued an announcement.
AWAG reported a profit before tax of $671,542 for the six months ending December 31, 2024, reflecting a significant turnaround from a loss in the previous year. During this period, revenue increased by 32% to $6.08 million. The company has been actively growing its business through investments and strategic shareholdings, completing two Equity Partnership Schemes (EPS) and launching a Succession Fund to support generational transitions in financial services. AWAG’s strategic investments, including a 18.02% shareholding in Sequoia Financial Group Limited, aim to contribute to the consolidation and rationalisation of the financial services industry.
More about Australian Wealth Advisors Group Ltd.
Australian Wealth Advisors Group Ltd. (AWAG) operates in the financial services industry, focusing on funds and investment management through its subsidiaries Armytage Private and CHPW Financial. The company aims to engage in the rationalisation of the Australian financial services and wealth management sectors through corporate activism, leveraging the expertise of its experienced directors who own key stakes in the company.
YTD Price Performance: 6.67%
Average Trading Volume: 17,150
Technical Sentiment Consensus Rating: Strong Sell
See more data about WAG stock on TipRanks’ Stock Analysis page.
