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Butn Limited ( (AU:BTN) ) just unveiled an update.
Butn Limited has reported a 5% increase in revenue and a significant turnaround in profitability for the half-year ending December 31, 2024, compared to the previous period. The company achieved a net profit of $0.205 million, marking a 106% improvement from a loss of $3.173 million the previous year. Despite this positive financial performance, no dividends are proposed for the period. The net tangible asset per share decreased by 51%, indicating potential challenges in asset value. The announcement highlights Butn’s adherence to financial disclosure requirements and assures that no control over entities was gained or lost during the reporting period.
More about Butn Limited
Butn Limited is an Australian Business-to-Business (B2B) funder that innovates the way small and medium-sized enterprises (SMEs) finance and grow their businesses. Specializing in transactional funding, Butn provides cashflow funding solutions by financing individual transactions and leveraging the end debtor’s credit, having funded approximately $2.5 billion to Australian businesses.
YTD Price Performance: 32.86%
Average Trading Volume: 203,247
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$25.98M
For an in-depth examination of BTN stock, go to TipRanks’ Stock Analysis page.
