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Centuria Capital Group Reports Revenue Surge but Decline in Profit

Story Highlights
  • Centuria Capital Group’s revenue increased by 60% for the period ending December 2024.
  • Profit after tax attributable to securityholders decreased by 67%, impacting financial stability.
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Centuria Capital Group Reports Revenue Surge but Decline in Profit

Centuria Capital Group ( (AU:CNI) ) has shared an update.

Centuria Capital Group reported a significant increase in revenue for the six months ending December 2024, with a 60% rise compared to the previous year. Despite this, the profit after tax attributable to securityholders saw a substantial decline of 67%. The company announced dividends and distributions for the interim and final periods of 2024, with specific amounts per share and record dates provided. The net tangible assets per stapled security decreased from the previous year, indicating a potential impact on the company’s financial stability.

More about Centuria Capital Group

Centuria Capital Group operates in the financial services industry, focusing on investment management and property funds. The company provides a range of services including asset management and investment opportunities, primarily targeting real estate and property markets.

YTD Price Performance: -2.25%

Average Trading Volume: 894,560

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$1.44B

Find detailed analytics on CNI stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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