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Fonix Mobile PLC ( (GB:FNX) ) has provided an announcement.
Fonix Mobile PLC has announced a trading update and a special dividend for the six months ended December 31, 2024. The company reported a 6.5% increase in gross profit and a 6.8% rise in adjusted EBITDA, reflecting its strong financial performance. Fonix has also declared a special dividend of 3.0p per share, underscoring its confidence in sustainable returns. The company has expanded its international reach with strategic partnerships in Portugal and launched new products to boost revenue opportunities. With increased investment in international expansion and a growing product portfolio, Fonix anticipates a strong performance in the second half of FY25 and remains optimistic about its long-term growth potential.
More about Fonix Mobile PLC
Founded in 2006, Fonix Mobile PLC provides mobile payments and messaging services for clients in various sectors, including media, telecoms, entertainment, enterprise, and commerce. The company offers services that integrate charges into mobile phone bills through carrier or SMS billing, catering to blue-chip clients like ITV and BBC Children in Need. Based in London, Fonix is characterized by its rapid growth and innovative solutions.
YTD Price Performance: -6.88%
Average Trading Volume: 113,423
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £201.1M
For a thorough assessment of FNX stock, go to TipRanks’ Stock Analysis page.
