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Gumtree Australia Markets Limited Reports Mixed Financial Results for 2024

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Gumtree Australia Markets Limited Reports Mixed Financial Results for 2024

Market Herald Ltd ( (AU:GUM) ) has provided an update.

Gumtree Australia Markets Limited reported a mixed financial performance for the half-year ended 31 December 2024. While cash receipts from customers decreased by 6% and revenue from ordinary activities fell by 9%, the company saw a significant improvement in net cash flow from operating activities, which increased by 93%. The loss before income tax was reduced by 51%, and the loss attributable to ordinary equity holders decreased by 83%. Despite these improvements, the company faced a 5% increase in net tangible liabilities, impacting its net tangible liabilities backing per issued ordinary share.

More about Market Herald Ltd

Gumtree Australia Markets Limited, formerly known as The Market Limited, operates in the online marketplace industry. The company focuses on providing a platform for buying and selling goods and services, catering to a wide range of consumer needs in Australia.

YTD Price Performance: 3.85%

Average Trading Volume: 40,184

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$43.33M

Find detailed analytics on GUM stock on TipRanks’ Stock Analysis page.

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