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hipages Group Sees Revenue Growth Amidst Profit Decline and Expansion

Story Highlights
  • hipages Group reported a 9% revenue increase for the half-year ending 31 December 2024.
  • The company expanded into New Zealand, but no dividends will be paid for this period.
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hipages Group Sees Revenue Growth Amidst Profit Decline and Expansion

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hipages Group Holdings Ltd. ( (AU:HPG) ) has provided an announcement.

hipages Group Holdings Ltd reported a 9% increase in total revenue for the half-year ending 31 December 2024, despite a significant decline in net profit attributed to its members. The company incorporated a new subsidiary, 5 Star Tradies Limited, in New Zealand, expanding its operations without any changes to its existing controlled or associated entities. No dividends will be paid for this period, and there are no dividend reinvestment plans in place, indicating a strategic focus on growth and consolidation over shareholder returns.

More about hipages Group Holdings Ltd.

hipages Group Holdings Ltd operates in the tech industry, providing an online platform connecting homeowners with local tradies and service providers. The company primarily focuses on the home improvement and maintenance market, aiming to streamline the process of finding and hiring professionals for various household projects.

YTD Price Performance: -7.94%

Average Trading Volume: 34,618

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$155.5M

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

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