Cromwell Property Group ( (AU:CMW) ) has issued an update.
Cromwell Property Group reported a decline in revenue and operating profit for the six months ending December 2024, with a 21% drop in revenue and a 34% decrease in operating profit compared to the previous year. Despite these challenges, the company managed to reduce its net debt by 40% and improve its loss after tax from continuing operations by 39%, indicating a strategic focus on debt reduction and operational efficiency.
More about Cromwell Property Group
Cromwell Property Group is a diversified real estate investment and management company. It was formed by the stapling of shares in Cromwell Corporation Limited and units in Cromwell Diversified Property Trust. The company focuses on managing a portfolio of properties and offers investment opportunities through its securities.
YTD Price Performance: 13.16%
Average Trading Volume: 1,945,313
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.13B
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