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HMC Capital Limited Reports Robust Financial Growth and Strategic Acquisitions

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HMC Capital Limited Reports Robust Financial Growth and Strategic Acquisitions

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Home Consortium Ltd ( (AU:HMC) ) just unveiled an update.

HMC Capital Limited has reported a strong financial performance for the half-year ending 31 December 2024, with a significant increase in revenue and profit. Revenue from ordinary activities surged by 217% to $127.3 million, while profit after tax for owners rose dramatically by 838% to $166.9 million. The company also announced the acquisition of full interests in Payton Capital Limited and Stratcap LLC, as well as control of StorEnergy, potentially enhancing its market position. The net tangible assets per share increased to $4.22, indicating strong asset growth.

More about Home Consortium Ltd

YTD Price Performance: -1.32%

Average Trading Volume: 1,119,820

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$4.01B

For detailed information about HMC stock, go to TipRanks’ Stock Analysis page.

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