Infomedia Ltd (AU:IFM) has released an update.
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Infomedia Ltd has reported a remarkable financial performance for FY24, with an 8% increase in total revenue to $140.8 million and a significant 33% rise in earnings per share. The company has achieved profitable growth across various regions and products, including new market expansions with Chinese OEM brand partnerships and the signing of its first light commercial vehicle contract. With a strong balance sheet highlighted by $70 million in cash and no debt, Infomedia is poised for sustained success in the automotive data and software industry.
For further insights into AU:IFM stock, check out TipRanks’ Stock Analysis page.