Credit Intelligence Ltd (AU:CI1) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score a data driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Credit Intelligence Ltd has issued a profit warning, revealing a significant increase in losses to approximately A$11.8m for the eleven months leading up to May 2024, a stark rise from the A$1.5m loss in the previous corresponding period. The increased loss is attributed mainly to an impairment loss of around A$9.4m on goodwill from acquisitions, as well as poor performance in the Singapore and Hong Kong business segments. The final results for FY24 are expected to be published in August 2024, and the current figures are preliminary and unaudited.
For further insights into AU:CI1 stock, check out TipRanks’ Stock Analysis page.