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Felix Group Holdings Reports Revenue Growth Despite Continued Losses

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Felix Group Holdings Reports Revenue Growth Despite Continued Losses

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The latest update is out from Felix Group Holdings Ltd. ( (AU:FLX) ).

Felix Group Holdings Ltd. reported a substantial 26% increase in revenues for the half-year ended December 31, 2024, amounting to $4.1 million compared to the previous year. Despite the increase in revenue, the company reported a loss from ordinary activities after tax of $2.4 million, which is a 15% improvement from the previous period. The company did not declare any dividends for the half-year period, and the financial statements indicate a material uncertainty regarding the company’s going concern status. No changes in control or joint ventures were reported during this period.

More about Felix Group Holdings Ltd.

Felix Group Holdings Ltd. operates in the industry of providing digital procurement and project management solutions. The company focuses on delivering software and services that streamline procurement processes and enhance project management efficiency for businesses.

YTD Price Performance: -8.70%

Average Trading Volume: 51,927

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$42.94M

Learn more about FLX stock on TipRanks’ Stock Analysis page.

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