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Connexion Mobility Ltd Reports Strong Financial Growth in H2 2024
Company Announcements

Connexion Mobility Ltd Reports Strong Financial Growth in H2 2024

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Connexion Telematics Limited ( (AU:CXZ) ) has shared an announcement.

Connexion Mobility Ltd reported a 15% increase in revenues, amounting to US$5.45 million, and a 43% rise in profit after tax, reaching US$1.09 million for the half-year ended December 31, 2024. The company’s working capital improved to a surplus of US$1.89 million from US$1.54 million in June 2024, indicating strengthened financial health. No dividends were declared, and there were no changes in control over entities or joint ventures. Their financial statements received an unmodified review from auditors.

More about Connexion Telematics Limited

YTD Price Performance: -18.75%

Average Trading Volume: 20

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €13.92M

See more data about CXZ stock on TipRanks’ Stock Analysis page.

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