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Hansen Technologies Reports Sharp Decline in Half-Year Profit Amid Strategic Expansion

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Hansen Technologies Reports Sharp Decline in Half-Year Profit Amid Strategic Expansion

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Hansen Technologies Limited ( (AU:HSN) ) has issued an update.

Hansen Technologies Limited reported a significant decline in its financial performance for the half-year ending December 2024, with revenue from ordinary activities increasing slightly by 6.1% to $177.964 million, but statutory net profit after tax plummeting by 99.6% to $70,000. The company experienced substantial reductions in underlying net profit and EBITDA, attributed to increased depreciation, amortization, and one-off costs. The report also highlighted strategic changes, including the acquisition of Canadian company Hansen Technologies Holdings and a 30% investment in Dial AI, indicating a focus on expanding its technological capabilities. The company also announced a dividend policy with a dividend reinvestment plan, offering stakeholders the option to reinvest dividends into new shares.

More about Hansen Technologies Limited

Hansen Technologies Limited operates in the technology industry, providing software solutions with a focus on billing, data management, and customer care services for the energy, water, and communications sectors. The company is engaged in offering support for clients in utility and telecommunications markets globally.

YTD Price Performance: 10.30%

Average Trading Volume: 756

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €703.4M

For an in-depth examination of HSN stock, go to TipRanks’ Stock Analysis page.

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