The latest update is out from Income Asset Management Group Limited ( (AU:IAM) ).
Income Asset Management Group Limited reported a strong performance for the half-year ending December 2024, with a 32% increase in revenue and a 38% reduction in net losses. The company successfully raised capital to eliminate $10 million in debt, enhancing its balance sheet and positioning it for future growth. A significant milestone was the transition of $1.35 billion in bonds into Perpetual Corporate Trust custody, which is expected to improve client experience and reduce costs. IAM is also focusing on expanding its debt capital markets pipeline and launching new financial products to attract more investors.
More about Income Asset Management Group Limited
Income Asset Management Group Limited (IAM) operates in the financial services industry, focusing on capital markets and asset management. The company offers a range of financial products and services, including managed accounts, debt capital markets, and investment opportunities through Single Bond ETFs. IAM is committed to expanding its client base and enhancing its offerings to cater to investors seeking alternatives to traditional bonds.
YTD Price Performance: -25.00%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €15.8M
For detailed information about IAM stock, go to TipRanks’ Stock Analysis page.